Petrobras said its board of directors approved conditions for agreement with the government that establish the amount of compensation to the company in the event of the auction of surplus volumes from the onerous transfer of rights in the fields of Sepia and Atapu, in the Santos Basin. The company said that, after technical discussions with the also state-owned PPSA, firm net compensation values of $3.253 bn for Atapu and $3.2 bn for Sépia were established.

Source: G1 Economia

The Industrial and Port Complex of Pecém identified an area of 200 hectares with potential for hydrogen production, with electrolysis capacity of 5 GW for the installation of green hydrogen hub in Ceará. If the hub is fixed in this location, it would be able to produce approximately 900 thousand tons of Hydrogen.

Source: Energia Hoje

The Brazilian e-commerce grew 75% in 2020, shows data released by Mastercard. Also according to the survey, this accelerated digitalisation moved more than $900 bn around the planet last year. In Brazil, online sales represented 11% of all retail purchases last year. Before the pandemic, purchases in this modality was equivalent to 6% of the total retail sector. In 2020, the final average was 7%.

Source: Money Times

Raízen, a joint venture between Cosan and Royal Dutch Shell, spent R$345 million ($61.6 mm) to start the new sugar crop with 509 new pieces of equipment and trucks to serve about one third of its own sugarcane area, which amounts to 350,000 hectares. With new technologies, the company expects to reduce diesel consumption in 2 million litres per year. Fuel is the company’s main cost component and represents around 25% of operating expenses.

Source: Valor International

Will be auctioned on Wednesday (7) airports of well-known cities and capitals in Brazil. The expectation is to raise at least R$ 186 million ($33 mm). The auctions are scheduled to begin at 10am. This is the 6th round of airport concessions. In total, 22 airports will be auctioned, grouped in three blocks. With the sale, they will be run by the private sector for a period of 30 years.

Source: UOL Economia

Santos Brasil has released its projections for 2021 with an increase of 11% to 20% in container volume, shows a document sent to the market. In addition, the company foresees an increase of up to 112% in Ebitda, which measures the operating result, in 2021 to R$ 450 million ($80 mm). The company expects to invest up to R$ 300 million ($53 mm) in its operations this year.

Source: Money Times

Brazil’s soybean exports are expected to reach around 85 million tonnes in 2021, consultancy Agroconsult said on Tuesday, raising its estimate from the 83 million tonnes seen in January. Meanwhile, the country’s corn shipments tend to reach 34.3 million tonnes this year, the company added during an event to present the results of the Crop Rally.

Source: 6 Minutos

A decade after the last commodities super cycle, between 2002 and 2011, the Brazilian stock exchange is preparing for a new season of high prices for basic inputs, anticipating a strong global economic recovery sustained by China. Beijing’s focus on the ESG agenda tends to have different effects on different segments in the domestic stock market.

Source: Valor International

The first two months of 2021 show that fertiliser sales will follow the trend started last year, with producers resorting to advance purchases to guarantee their needs in the field. Brazil imported in January and February 2021 a total of 5.7 million tonnes, up 50.5%. According to Comexstat data only Mato Grosso accounted for 1.3 million tons.

Source: Portal do Agronegocio