Yara To Acquire Gulf Coast Ammonia's Production Facility In Texas From Lotus Infrastructure And MB Energy For $1.3B
YARA INTERNATIONAL ASA
YARA INTERNATIONAL ASA YARIY | 0.00 |
- 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.