Petrobras (PBR) to Supply 20% of Brazil's Fertilizer Needs in 2026

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) is one of the 11 Dirt Cheap Stocks to Buy According to Analysts. On October 9, Reuters reported that Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) will supply about 20% of Brazil’s total demand for nitrogen fertilizers in 2026. This will be achieved as the company restarts operations at three local plants according to the company’s CEO, Magda Chambriard.

The Brazilian state-run oil company’s Bahia and Sergipe plants, both located in northeastern Brazil, are expected to deliver 5% and 7% of the national urea market, respectively. This is part of Petróleo Brasileiro S.A. – Petrobras’ (NYSE:PBR) strategic plan.

The company’s unit in Parana state, in southern Brazil, has already restarted operations and is expected to supply 8% of the national urea demand. All three operations were previously not operating.

At an event in Bahia state, Chambriard also mentioned that Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is making efforts to restart a nitrogen fertilizer plant in Mato Grosso do Sul state. This plant will help supply an additional 15% of the country’s total demand, allowing Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to deliver a total of 35% of all the nitrogen fertilizer needs of Brazil.

These investments support President Luiz Inacio Lula da Silva’s push for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to resume investing in the nitrogen fertilizer industry. Brazil currently relies heavily on fertilizer imports.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian petroleum and gas company that is re-entering the fertilizer market to help Brazil reduce its dependence on imports.

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Disclosure: None. This article is originally published at Insider Monkey.