Mosaic opens new facility in Brazil

Mosaic (MOS) announced that its new blending, storage and distribution plant in Palmeirante, Tocantins, Brazil, will begin operations this month. The plant increases blending capacity and expands Mosaic’s presence in the northern region of Brazil. With a capacity to process 1M tons of fertilizer annually, and approximately 500,000 tons in 2025, the Palmeirante facility will be a key contributor to Mosaic’s ambitious growth plans in Brazil. Distribution sales are expected to grow from less than 8M tons in 2024 to 13M-14M tons by the end of the decade. The $84M investment in the Palmeirante facility has been completed on time and within budget. The facility is expected to earn a margin of $30-$40 per ton-generating an anticipated internal rate of return in excess of 20%.