BASF and Yara are understood to be evaluating a possible joint (JV) investment into a world-scale ammonia plant at the US Gulf Coast.
BASF, which has a strong presence in the US, is currently a major user of ammonia for its US downstream manufacturing activities and intends to further strengthen its backward integration.
Yara meanwhile, with its global ammonia network and market expertise, is seeking to further strengthen its presence in the US.
Additional details of the possible JV, including the exact location or capacity of the plant, are currently being discussed by the two parties.
Yara delivers solutions for sustainable agriculture and the environment, while its Industrial segment converts energy, natural minerals and nitrogen from the air into essential products for industrial applications – backed by a century of experience in nitrogen applications for industry.
Yara’s carbon dioxide (CO2) is recovered from ammonia production by a steam reforming process, therefore all of its commercial CO2 is also an environmentally beneficial product.
BASF is the world’s leading chemical company.
Praxair, Inc. has signed an agreement with Yara International ASA to increase its 50% stake to 65% in the joint venture firm, Yara Praxair AS.
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