Adds CEO quote in paragraph 9, share move in paragraph 5, CBAM comments in paragraphs 7-8, context in paragraph 10

By Tristan Veyet

Jan 9 (Reuters) - Norwegian fertiliser producer Yara YAR.OL aims to increase its free cash flow by an additional $350 million by 2030, focusing on core earnings growth, the company said on Friday in a presentation to investors.

The Oslo-based firm said that this target was part of a broader plan to boost free cash flow by more than $600 million between 2024 and 2030, of which $250 million has already been achieved.

Yara also said it will further invest in low-cost, low-emission ammonia growth, including potentially a partnership with Air Products APD.N as part of a plan to combine the companies' low-emission ammonia projects in the United States and Saudi Arabia.

Yara is one of the many firms that are increasing investments in the United States, as companies try to offset the impact of U.S. tariffs on imported goods.

Yara's stock was up 1% at 11:45 GMT.

EU'S CARBON BORDER ADJUSTMENT MECHANISM

Yara said its projects in the United States could be impacted should the European Union suspend or cancel the Carbon Border Adjustment Mechanism (CBAM).

The European Commission said on Wednesday it would cut import duties for certain fertilisers and drive forward a law that could allow temporary suspensions to the EU's carbon border levy.

"The CBAM is not suspended and it's not cancelled. It's still in force," Holsether said, adding "we don't have to have blue ammonia or green ammonia. We could go with gray ammonia as well and utilize the same system, but it goes against the direction for Europe to decarbonize."

In contrast to traditional production methods, clean ammonia is made with minimal or no CO2 emission - either from renewable energy, known as 'green' ammonia, or from natural gas with carbon capture and storage, known as 'blue' ammonia.

(Reporting by Tristan Veyet in Gdansk, Editing by Jacqueline Wong, Harikrishnan Nair and Matt Scuffham)

((Tristan.Chabba@thomsonreuters.com;))