Petrobras to restart fertilizer plant construction in Mato Grosso do Sul by September

Brazil’s state-run oil company Petrobras said it will resume construction of a fertilizer plant in Mato Grosso do Sul state in September. The project had been paused after a strategic shift, and its restart signals a broader push into downstream fertilizers to strengthen links with the agricultural supply chain. Petrobras said the decision does not involve any major change in capital spending. The move reinforces its vertical-integration footprint in Brazil’s main grain-producing regions and provides marginal support to the stock’s valuation.