Yara and Air Products announced today (link: https://newsweb.oslobors.no/message/661437) advanced negotiations to partner on low-emission ammonia projects.
Yara has matured a project portfolio for potential investment in cost competitive US ammonia to diversify its energy position and increase competitiveness of its European nitrate production, enabling robust returns.
As emphasized in recent quarter releases, Yara will execute potential US projects in line with its capital allocation policy and the potential partnership with Air Products would be consistent with this. Yara has indicated an average capex level of approximately 1.2 billion USD (real) throughout the cycle, as well as an annual maintenance capex level between 700-850 million USD. During project execution 2026-2030 and up until the closing would take place, Yara will be restrictive on other growth projects, maintaining strict capital discipline and enabling shareholder distributions.
A final investment decision is targeted mid-2026.
Contact
Maria Gabrielsen
Head of Investor Relations
M: +47 920 900 93
E: maria.gabrielsen@yara.com
About Yara
Yara’s mission is to responsibly feed the world and protect the planet. We pursue a strategy of sustainable value growth through reducing emissions from crop nutrition production and developing low-emission energy solutions. Yara’s ambition is focused on growing a nature-positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To drive the green shift in fertilizer production, shipping, and other energy intensive industries, Yara will produce ammonia with significantly lower emissions. We provide digital tools for precision farming and work closely with partners at all levels of the food value chain to share knowledge and promote more efficient and sustainable solutions.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. With 17,000 employees and operations in more than 60 countries, sustainability is an integral part of our business model. In 2024, Yara reported revenues of USD 13.9 billion.
www.yara.com