Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 83

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 83
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 we are Braskem’s second largest shareholder and a party to the shareholders’ agreement, which contains Tag Along and ROFR provisions. During the second semester of 2023 and the beginning of 2024, we conducted the due diligence process, but the interested company and Novonor didn't reach an agreement for the potential transaction. We remain vigilant and prepared for any potential corporate movements concerning Novonor's stake in Braskem.
 

Annual Report and Form 20-F 2024 |
Fertilizers
 We have three fertilizer plants in Brazil, one located in the state of Bahia (FAFEN-BA), one in the state of Sergipe (FAFEN-SE), and one through our subsidiary located in Paraná, Araucaria Nitrogenados S.A. (ANSA), that has been mothballed since January 2020. Their main products are ammonia and urea. Together these plants have an installed capacity of 1.852 million t/year of urea, 1.406 million t/y of ammonia, 319,000 t/y of ammonium sulfate and 800,000 t/y of Automotive Liquid Reducing Agent (ARLA-32).
 We also have an unfinished Nitrogen Fertilizer Unit (UFN-III) in Mato Grosso do Sul. The construction of UFN-III began in September 2011, but was halted in December 2014, with about 81% of the physical construction completed. In October 2024, we decided to resume the implementation of the UFN-III, with operations expected to commence in 2028.
 Since 2020, after being mothballed in 2019, our plants located in Bahia and Sergipe have been leased to Proquigel Química S.A. (the “Proquigel Química”), a company of the Unigel Group for an initial term of 10 years, which may be extended for an additional 10 years.
 In December 2023, we signed a contract with Proquigel Química for custom industrialization (tolling) for the production of nitrogen fertilizers in plants located in the states of Sergipe and Bahia. However, as the conditions for its effectiveness were not met within the established period, the tolling agreement did not enter into effect.
 Following the strategic guidelines of the Strategic Plan 2024-2028+ in force at that time, in which investment in fertilizer production has once again become part of our portfolio,