Tag: Yara

Yara to purchase renewable calcium ammonium nitrate (CAN) from Atome

In a major milestone, Yara officially opened its renewable hydrogen plant at Herøya Industrial Park, Porsgrunn, Norway, in June.

The last year has seen the first shipments of low-carbon ‘green’ fertilizers from companies such as Yara, Fertiberia, OCI and Sabic Agri-Nutrients. Partnerships with food manufacturers and retailers are helping to grow this emerging market and drive demand.

OCI Global says that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project currently under construction in Beaumont, Texas for $2.35 billion on a cash and debt free basis. The buyer is Australian LNG and energy company Woodside Energy Group Ltd. Woodside will pay 80% of the purchase price to OCI at closing of the transaction, with the balance payable at project completion, according to agreed terms and conditions. OCI will continue to manage the construction, commissioning and startup of the facility and will continue to direct the contractors until the project is fully staffed and operational, at which point it will hand it over to Woodside. The transaction is expected to close in H2 2024, subject to shareholder approval.

Transporting sulphur as a dry bulk solid can lead to it breaking into small particles which create dust. Over the years, various forming processes have been developed to try and minimise dust formation and produce the strongest, most resilient formed sulphur particles.

Ammonia markets were quiet in June, though both CF Industries and Grupa Azoty were reported to be looking for July tonnes and the enquiry will test how tight the market is going forward. Algeria has traded in the $400-405/t f.o.b. range, suggesting c.fr values in Europe might be slightly higher at $450-460/t c.fr. Supply from Algeria has been and continues to be somewhat restricted because of constraints caused by the hot weather. Gas supply however is easing in Egypt and further ammonia exports should emerge shortly.

In a major milestone, Yara International has officially opened its renewable hydrogen plant at Herøya Industrial Park, Porsgrunn, Norway.

Some 1,265 delegates from 552 companies and 72 countries gathered in Singapore for the 9Ist International Fertilizer Association (IFA) Annual Conference, 20-22 May 2024. Claire Newell, IFA’s Director of Communications & Marketing, reports on the main highlights of this three-day flagship event.

Nadja Håkansson became thyssenkrupp Uhde’s new CEO on 1st May.

We compare and contrast the 2023 financial performance of selected major fertilizer producers following the publication of fourth quarter results.