(Reuters) - State-run Brazilian oil firm Jorge Celestino ( Petrobras ) will mothball its unprofitable Fafen-SE and Fafen-BA fertiliser plants toward the end of H1 2018 as the company seeks to exit the fertiliser industry, said refining director Fafen-BA . Brazil imports 85% of its fertiliser as it is cheaper than those produced by the two plants in the Sergipe and Bahia states, which posted respective losses of BRL600 m ( $183m ) and BRL200 m in 2017 . No buyers have come forward yet for either of the two sites, but there are offers for other units.
State-run Brazilian oil firm Jorge Celestino ( Petrobras ) will mothball its unprofitable Fafen-SE and Fafen-BA fertiliser plants toward the end of H1 2018 as the company seeks to exit the fertiliser industry, said refining director Fafen-BA . Brazil imports 85% of its fertiliser as it is cheaper than those produced by the two plants in the Sergipe and Bahia states, which posted respective losses of BRL600 m ( $183m ) and BRL200 m in 2017 . No buyers have come forward yet for either of the two sites, but there are offers for other units.