Yara have signed an agreement with the new owners of Burrup Holdings Pty Ltd.
The Group have acquired a 30% stake in the world scale ammonia plant on the Burrup Peninsula of Western Australia.
The plant is currently under construction and is the first chemical processing facility based on gas from the Australian North West continental shelf. The plant has a capacity of 760,000 tonnes per year and is expected to start production in the second half of this year.
Commenting on the acquisition, President and CEO at Yara International Thorleif Enger said, “With Burrup we have found an excellent strategic fit, including sound economies based on a competitive natural gas price and future development opportunities. We believe that this new alliance will serve to future strengthen Yara’s positioning Asia and Oceania”.
... to continue reading you must be subscribed
