Brazilian fertilizer company Galvani will double phosphate output at its plant in Luis Eduardo Magalhaes in Bahia state to 1.2 million tons in two years, Chief Executive Officer Marcos Stelzer said in an interview. While the expansion was planned before the latest fertilizer crisis began, the increased output will still be a welcome addition for local farmers struggling to afford the inputs they need in a runaway global marketplace. In addition to the Luis Eduardo Magalhaes plant, Galvani is also a partner in an early-stage fertilizer project in the nation’s northeast, which is classified as strategic by the federal government. Known as Santa Quiteria, the phosphate-uranium project is waiting for environmental and operation licenses to proceed, the CEO said. If brought online, the Santa Quiteria project will introduce an additional 1.05 million tons of phosphate production per year. Together, the projects will boost Galvani’s fertilizer output to 2.2 million tons in 2026 from 600,000 tons in 2021. That would represent more than one-third of the nation’s current phosphate output.
Sources: Bloomberg Linea/Datamar News