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Petrobras, the Brazilian state-owned petroleum corporation, has recently made a significant advancement in its fertilizer production strategy. Following earlier announcements on June 6 and June 23, 2023, the company has now finalized a contract with Unigel Participações S.A. (Unigel), a key player in the chemical industry. This contract is centered on industrialization on order, known as tolling, for fertilizer production at plants located in Sergipe and Bahia.

This new agreement stems from a partnership initially disclosed by Petrobras and Unigel on June 6, 2023, under a non-disclosure agreement. It aligns seamlessly with Petrobras's Strategic Plan for 2024-2028, which has a strong focus on enhancing fertilizer production. Additionally, the collaboration emphasizes ongoing studies into the development of low-carbon projects, underscoring a commitment to environmental sustainability.

By entering into this agreement, Petrobras reaffirms its dedication to leading the way in energy transformation. The company is keen on promoting a sustainable, equitable, and secure energy transition, positioning itself as a forward-thinking entity in the energy sector.

This partnership between Petrobras and Unigel is a strategic move that consolidates both companies' positions in the chemical industry while also contributing to the broader goal of sustainable industrial development.

According to the article by Procurement Resource, Petrobras, a Brazilian state-owned oil giant, has finalized a contract with chemical industry leader Unigel. This agreement, part of Petrobras's 2024-2028 strategic plan, focuses on tolling for fertilizer production in Sergipe and Bahia. It highlights Petrobras's commitment to sustainable, low-carbon initiatives, marking a significant step in their energy transition journey.