Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have signed a non-binding Memorandum of Understanding (MOU) to explore potential business partnerships related to production and decarbonization of local fertilizer and industrial products.

Brazil is a significant market for both agricultural and industrial applications with focus on domestic production growth and future decarbonization.

Yara is playing a leading role in tackling the food crisis and is committed to decarbonizing the food value chain, essential industrial and air-quality applications, and zero-emission shipping fuel and energy solutions. To be successful, collaboration across the entire value chain is essential.

Relevant updates will be shared with the market in due course.