Petrobras increases investment in nitrogen fertilizer plant (Fafen) in Camaçari, Bahia
Type: Investment · Technology: Industrial · Country: Brazil · Announced: 2026-05-14
Petrobras announced it has increased its investment in the nitrogen fertilizer plant (Fafen) located in Camaçari, Bahia, to R$ 100 million, up from an earlier undisclosed amount. The plant, which resumed operations in January 2026 after being taken over from Unigel, is now under Petrobras's management. The facility is a key component of Brazil's agricultural supply chain, producing nitrogen-based fertilizers critical for domestic farming. The investment reflects Petrobras's strategic expansion into the chemical and fertilizer sector, diversifying its portfolio beyond oil and gas. The plant's restart was marked by a visit from Brazilian President Luiz Inácio Lula da Silva on May 14, 2026, underscoring its national importance. No additional financial or operational details were disclosed in the announcement.