- Plans for 500,000 tonnes/year green ammonia production to cut 800,000 tonnes of CO2 annually.
- Project aims to be operational by 2026, pending public co-funding and regulatory support.
- Targeting a 30% reduction in Scope 1 and Scope 2 emissions by 2030.
- Total annual capex capped at USD 1.2 billion from 2022 onwards.
Green Ammonia Production
Yara plans to produce 500,000 tonnes of green ammonia annually in Norway, aiming to power emission-free shipping fuels and decarbonized food solutions. The project will fully electrify the Porsgrunn ammonia plant, potentially cutting 800,000 tonnes of CO2 per year, equivalent to the emissions from 300,000 passenger cars.
Hydrogen Economy
Ammonia is identified as a promising hydrogen carrier and zero-carbon shipping fuel due to its chemical properties, which make it more efficient to transport and store compared to liquid hydrogen. Yara aims to leverage its expertise in ammonia production, logistics, and trade to capture opportunities in shipping, agriculture, and industrial applications, in a market expected to grow by 60% over the next two decades.
Project Timeline and Support
Yara is seeking partners and government support to make the zero-emission ammonia production project a reality. If the required public co-funding and regulatory framework are in place, the project could be operational by 2026. This initiative would eliminate one of Norway’s largest static CO2 sources and significantly contribute to Norway's Paris Agreement commitments.
Emission Reduction Targets
Yara is targeting a 30% reduction in Scope 1 and Scope 2 emissions by 2030. The company is committed to establishing Science Based Targets and supporting a Sectoral Decarbonization Approach analysis for the nitrogen fertilizer industry. Yara will maintain a strong focus on capital discipline, with a total annual capex capped at USD 1.2 billion from 2022 onwards.
