Yara confirms US low-emission ammonia strategy, eyes Air Products partnership

Yara International ASA has confirmed its US ammonia strategy, announcing advanced negotiations with Air Products to partner on low-emission ammonia projects. This move aims to diversify Yara's energy position, enhance the competitiveness of its European nitrate production, and enable robust returns.

The company plans to execute potential US projects in line with its capital allocation policy, targeting an average capex level of approximately $1.2 bn throughout the cycle, with annual maintenance capex between $700-850m. A final investment decision for these US projects is targeted for mid-2026.

Yara, which reported revenues of $13.9 bn in 2024, focuses on producing ammonia with significantly lower emissions to drive the green shift in fertilizer production and other energy-intensive industries.