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Tag: Yara

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.

Green ammonia project advances into FEED phase

Egypt’s $873 million green ammonia project in New Damietta has entered the front-end engineering and design (FEED) phase, with pre-FEED studies for the marine jetty and hydrogen plant already completed, Zawya reported 7 April, citing a statement by the Egyptian Petrochemicals Holding Company (ECHEM). The project is being developed by Damietta Green Ammonia (DGA), a joint venture between Norway’s Scatec, ECHEM and Misr Fertilizers Production Company (MOPCO). FEED work on ammonia export facilities is ongoing, while major permits and financing arrangements are still being finalised.