Yara acquires Gulf Coast Ammonia plant
Yara International has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, for a consideration of $ 1.3 billion. Yara says that the acquisition is part of its strategy to diversify its energy exposure and enhance the competitiveness of its global ammonia production footprint. Yara will own the ammonia plant with an expected nameplate capacity of 1.3 million t/a, with Air Products supplying industrial gases to Yara as part of a long-term supply agreement. Yara will use its midstream ammonia platform to supply both external customers and its own internal sourcing needs.
