Yara Advances US Ammonia Strategy with Air Products Partnership
- Yara plans to invest in cost-competitive US ammonia projects to enhance European nitrate production.
- Yara's average capex is projected at 1.2 billion USD, with annual maintenance capex between 700-850 million USD.
- Project execution is scheduled for 2026-2030, with a final investment decision by mid-2026.
- Yara will maintain strict capital discipline, limiting other growth projects during this period.
Partnership and Strategy
Yara and Air Products are in advanced negotiations to collaborate on low-emission ammonia projects. This initiative is part of Yara's strategy to diversify its energy sources and enhance the competitiveness of its European nitrate production.
Investment and Capital Allocation
Yara has outlined a project portfolio for potential investment in the US, with an average capital expenditure of approximately 1.2 billion USD throughout the cycle. The company also plans an annual maintenance capex ranging from 700 to 850 million USD.
Project Timeline and Execution
The execution of these projects is planned for 2026-2030, with a final investment decision expected by mid-2026. During this period, Yara will focus on maintaining strict capital discipline, limiting other growth projects to ensure shareholder distributions.
Source: Yara