This is an automated translation of the original press release published in Portuguese.
By Petrobras
June 6, 2023
Petrobras informs that it has started discussions with Unigel Participações SA (Unigel) to analyze joint businesses involving the development of opportunities in the areas of fertilizers, green hydrogen and low carbon projects, in line with the review of the strategic elements for the Strategic Plan 2024-2028 (PE 2024-28) of Petrobras, as disclosed to the market on 06/01/2023.
Petrobras and Unigel signed a non-binding Non-Disclosure Agreement effective for two years. Only after the completion of technical analyzes by a multidisciplinary group, any projects resulting from the agreement will have official cost and return estimates, necessary for future approval by internal approval bodies, in accordance with the company’s governance.
About Unigel
Founded in 1966, Unigel is strategically located in Brazil, in the states of Bahia, Sergipe and São Paulo, and in Mexico. Ithas a leadership position in styrenics, acrylics and nitrogen fertilizers, consolidating itself as one of the largest chemical companies in Latin America and the largest manufacturer of nitrogen fertilizers in the country. Present in people’s daily lives, Unigel provides key inputs for the manufacture of final products in the home appliances and electronics, automotive, paints and coatings, civil construction, pulp and paper, packaging, health and beauty, textile, mining and agriculture markets. . In addition, the company carries out the first initiative for the industrial scale production and distribution of hydrogen and green ammonia in Brazil.
