Yara buys Vale Cubatao fertilizer complex in Brazil

摘要

Norway-based fertilizer producer Yara has agreed to buy Vale's Cubatao nitrogen and phosphate fertilizer complex in Brazil for $255mn. The Cubatao complex can produce 200,000 t/yr of ammonia, 600,000 t/yr of nitrates and 980,000 t/yr of phosphate fertilizer, according to Yara. The site sources feedstock natural gas from local suppliers, while additional ammonia, phosphate rock, sulphur and other raw materials are imported. The transaction gives Yara its first nitrogen production facility in Brazil, a major nitrogen consumer.