The companies were looking into the feasibility of a plant with a total capacity of 1.2 to 1.4 million tons p.a. to serve the growing global demand for low-carbon ammonia.
Yara said it will continue its ammonia strategy as previously communicated, evaluating and maturing equity investment opportunities in U.S. ammonia to determine the optimal project portfolio.
BASF and Yara are long-standing collaboration partners and continue to jointly operate a world-scale ammonia plant at BASF’s site in Freeport, Texas. Additionally, BASF produces ammonia in Ludwigshafen, Germany, and Antwerp, Belgium. Yara operates the world’s largest ammonia system with production facilities in Europe, the Americas and Asia.