The acquisition demonstrates execution of Yara's strategy to diversify its energy exposure and enhance the competitiveness of its global ammonia production footprint.
Yara will own the ammonia plant with an expected nameplate capacity of 1.3 mtpa, with Air Products supplying the industrial gases to Yara as part of a long-term supply agreement.
Yara will utilize its midstream ammonia platform to supply both external customers and its own internal sourcing needs.
The plant is currently in commissioning and is anticipated to continue ramping up toward full production and stable operations by end of 2026, with production targeted at above nameplate capacity.
Yara sees investing in the U.S. as highly attractive, reinforcing its long-time presence as a reliable provider of crop nutrition solutions and producer of ammonia.
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