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Yara Announces Investment Plan for Clean Ammonia Business

 Last Update: 2022-10-11
 Source: Internet
 Author: User

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Recently, Yara held the Yara Clean Ammonia (YCA) business capital market day in the form of an online meeting, and announced the company's major investment plans and financial goals for its clean ammonia business

At the meeting, Yara CEO and President Sven Thor Holset said that the decision to go public with YCA will be made in due course, and Yara is seeking to invest up to US$400 million to significantly increase its clean ammonia midstream capacity, And build a downstream business by 2030

Yara will retain the existing ammonia plant after the asset separation, but YCA will develop new clean ammonia production while leveraging Yara's existing asset base

YCA aims to maintain its leading market share of over 20% in the ammonia market

Yara said that ammonia is expected to serve as a high-quality low-carbon solution in four major areas, mainly transportation fuel, power generation, agriculture and hydrogen carrier

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