Yara Brasil Fertilizantes S.A. (Yara) and Petróleo Brasileiro S.A. - Petrobras have taken a significant step forward by signing a non-binding Master Agreement, building on the Memorandum of Understandings (MOU) signed on February 29, 2024. This agreement marks the next phase of their negotiations to structure a potential business partnership. The focus will be on jointly finalizing the analysis of potential synergies between their operations. The aim is to enhance efficiencies in the local fertilizer and industrial products market while exploring possible pathways for decarbonization, aligning with their shared commitment to sustainability and operational excellence.

In this next phase, Yara and Petrobras will collaboratively assess the potential synergies between their operations, with an emphasis on boosting efficiency in the local fertilizer and industrial products markets. This analysis will also consider potential decarbonization strategies, reflecting both companies' dedication to reducing their environmental impact. By combining their strengths and expertise, Yara and Petrobras aim to identify opportunities that could lead to significant improvements in operational efficiencies and sustainability practices, setting a new standard for the industry.

Brazil represents a crucial market for both agricultural and industrial applications, with a strong focus on domestic production growth and future decarbonization efforts. Yara is at the forefront of addressing the food crisis and is deeply committed to decarbonizing the food value chain, essential industrial applications, air quality initiatives, and developing zero-emission shipping fuels and energy solutions. Yara’s leadership in these areas underscores the importance of collaboration across the entire value chain to achieve success. By working together, Yara and Petrobras can drive significant advancements in sustainability and operational efficiency.

To achieve success, collaboration across the entire value chain is vital. Yara’s leadership in tackling the food crisis and commitment to decarbonizing various sectors, including essential industrial and air-quality applications, zero-emission shipping fuel, and energy solutions, highlights the necessity of partnerships. Yara and Petrobras’s potential collaboration aims to leverage their combined expertise to address these critical issues. By focusing on synergy and efficiency, they strive to make significant contributions to sustainability and the growth of domestic production in Brazil, ultimately benefiting both the agricultural and industrial sectors.

Yara is dedicated to enhancing knowledge to responsibly nourish the world and safeguard the environment. Their vision of eradicating hunger and fostering respect for the planet drives their strategy for sustainable growth. With their climate-friendly crop nutrition and aim for zero-emission energy solutions. Yara is committed to driving a sustainable food system that creates shared value for its customers, investors, and society at large. Their commitment is to develop a more sustainable food value chain, ensuring that their practices benefit the environment while meeting global nutritional needs and supporting economic growth.