Post by Yara International

Today, we announced that Yara North America has reached an agreement to acquire the Gulf Coast Ammonia (GCA) plant in Texas City, Texas for USD 1.3 billion. This is a significant step in executing our strategy to strengthen competitiveness and diversify energy exposure across our global ammonia production footprint. With an expected capacity of 1.3 million tonnes per year, the plant will enhance our ability to deliver reliable ammonia supply, both to our own fertilizer production system and to key industrial customers. Leveraging our extensive midstream platform and long-term supply agreement with Air Products, this investment also increases our exposure to U.S. gas markets, supporting greater flexibility and resilience. As Svein Tore Holsether, President and CEO, says: "By bringing this plant into the Yara portfolio, we are strengthening our operational resilience and diversifying our energy costs at a time when supply flexibility matters more than ever." The plant is currently ramping up towards full production, with stable operations expected by the end of 2026. With more than a century of ammonia expertise, Yara will work to further improve reliability and performance, targeting production at or above nameplate capacity. This acquisition builds on Yara's long-standing presence in the U.S. and reflects our commitment to supporting reliable fertilizer supply to both U.S. and global agricultural markets, while maintaining multiple pathways toward profitable decarbonization. https://lnkd.in/ePvNZQ2A