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    Petrobras restarts UFN-III fertiliser project with $1bn investment

    Written by Natalie Noor-Drugan


    Petrobras has approved the resumption of construction on its long-delayed UFN-III nitrogen fertiliser plant in Três Lagoas, signalling a renewed push into Brazil’s domestic fertiliser market. The decision, confirmed by the board, aligns with the company’s 2026–2030 business plan and follows a full reassessment of the project’s economics.

    The company said the project demonstrated “economic attractiveness”, with a positive net present value across all evaluated scenarios. Estimated investment to complete the plant stands at around $1 billion, with commercial operations targeted for 2029.

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    Tecnimont to provide license and EPC contract for new urea facility

    Maire Group subsidiary Tecnimont has been awarded a contract by Fértil Pampa SAU, a wholly owned subsidiary of Pampa Energia SA, for a large-scale fertilizer complex in Argentina. The facility will include a large-scale ammonia plant and two parallel ultra-low energy urea trains, each with its own granulation unit, with a combined capacity of 6,000 t/d (2.1 million t/a), making it the largest urea plant in Latin America by production. It will occupy an 80-hectare site within the Bahía Blanca Industrial Complex, in Buenos Aires province. The location is adjacent to Pampa’s existing power generation assets, benefiting from direct access to key infrastructure, including gas pipelines, high-voltage transmission lines, water intake systems, and a deep-water export port, enabling efficient logistics.