S\u00e3o Paulo \u2013 Vale Fertilizers is going to invest 3.8 billion reals (US$ 2 billion) in the state of Minas Gerais, according to a protocol of intentions signed last week by the governor Antonio Anastasia and the company\u2019s CEO Murilo Ferreira. Out of the total amount, 3.6 billion reals (US$ 1.96 billion) will go into the building of a mining complex in the municipality of Patroc\u00ednio, to explore a bed of phosphate, an input for fertilizer manufacturing.<\/p>\n
Anastasia said that the project and the increasing of domestic fertilizer production will enable imports to be lowered. Ferreira underscored the importance of these projects to food production. \u201cThis will replace the huge amount of imported product. It should substantially lower the industry\u2019s dependence on fertilizer imports. Particularly at this time of worldwide, this means more jobs across the entire production chain of Brazilian agriculture, which is so notably efficient. This means more food, more dignity to our people and more development to our dear Minas Gerais and to Brazil,\u201d he said.<\/p>\n
The governor of Minas Gerais and Ferreira also signed an addendum to the protocol of intention for Vale Fertilizers\u2019 investment in Uberaba. The initial protocol for the project was signed 2008, as Vale acquired the company Fosf\u00e9rtil, whose name was changed to Vale Fertilizers. In Uberaba, phosphoric acid, sulphuric acid, and high-rate phosphate product plants will be expanded.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Vale Fertilizers signed a protocol of intention to invest US$ 2 billion in the state of Minas Gerais. Plans include phosphate exploration, expansion of the phosphoric acid plant, among others.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[],"class_list":{"0":"post-39460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-agribusiness"},"wps_subtitle":"Vale Fertilizers signed a protocol of intention to invest US$ 2 billion in the state of Minas Gerais. Plans include phosphate exploration, expansion of the phosphoric acid plant, among others.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=39460"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39460\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=39460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=39460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=39460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}