- BASF and Yara ended their low-carbon ammonia project on the U.S. Gulf Coast.
- The decision aims to focus on initiatives with higher value potential.
- Yara will continue evaluating U.S. ammonia investment opportunities.
- Both companies maintain existing ammonia operations in Texas, Germany, and Belgium.
Project Discontinuation
BASF and Yara International ASA have decided to discontinue their joint project aimed at developing a low-carbon ammonia production facility with carbon capture and storage on the U.S. Gulf Coast. This decision aligns with both companies' strategies to focus on initiatives that offer the highest potential for value creation.
Future Plans
Yara will continue to pursue its ammonia strategy as previously outlined, which includes evaluating and maturing equity investment opportunities in U.S. ammonia projects. The goal is to determine the optimal project portfolio that aligns with their strategic objectives.
Ongoing Operations
Despite the discontinuation of this specific project, BASF and Yara maintain their long-standing collaboration. They continue to jointly operate a world-scale ammonia plant at BASF’s site in Freeport, Texas. Additionally, BASF produces ammonia in Ludwigshafen, Germany, and Antwerp, Belgium, while Yara operates the world’s largest ammonia system with facilities in Europe, the Americas, and Asia.
