A BNDES bridge loan of BRL2.2bn ($1.1bn) will help state-controlled oil producer Petrobras build a new fertilizer plant in Mato Grosso do Sul. The plant is expected to come online in September 2014. Further details of the loan’s terms were not available. Earlier this week, Petrobras agreed to buy 100% of the Araucaria Nitrogenados fertilizer plant, located in the state of Parana, from Vale for $234m.The state-controlled oil producer will pay the miner using the revenues from the leasing of mining rights owned by Petrobras to Vale.