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BASF has announced a new management board for the spin-off of its new Agricultural Solutions division as a separate company ahead of its listing and initial public offering (IPO) on the Frankfurt stock exchange. BASF says this will “establish the standalone business as an independent, pure-play agricultural company with global reach, robust growth prospects and strong cash flow generation.” BASF will remain the majority shareholder and will continue to benefit from the company’s growth and success, while implementing market customary corporate governance.

Proton Ventures joins Barents Clean Ammonia project

Barents Blue AS has announced Proton Ventures as a new partner in the Barents Clean Ammonia Project (project formerly known as the Barents Blue project). Barents Blue says that the Dutch engineering and project development company, a pioneer in the clean ammonia industry, “will bring significant resources and industry expertise to the project and the value chain for clean ammonia, important for the realisation of Europe’s largest clean ammonia production plant located in Finnmark, Northern Norway”.

EU tackles rising fertilizer costs under CBAM through targeted tariff relief

Recent developments show the Carbon Border Adjustment Mechanism (CBAM) remains active for fertilizers, but the European Commission proposes tariff reductions to offset import costs. Tariff suspension details The Commission will temporarily suspend remaining Most-Favoured-Nation (MFN) tariffs on ammonia, urea, and certain other fertilizers. Import tariffs from most-favoured nations stand at 6.5%, excluding higher staged tariffs […]