Yara, a leading global supplier of fertilisers and plant nutrients, and BASF are evaluating a possible joint investment into a world scale ammonia plant at the US Gulf Coast. Yara, with its global ammonia network and market expertise, is looking to increase its presence in the US. BASF, which has a strong presence in the US, is currently a major user of ammonia for its US downstream manufacturing activities and intends to further strengthen its backward integration.
ALSO READ: IFFCO in talks with Russian fertiliser companies for JV
Additional details of the possible joint venture including the exact location and capacity of the plant are currently being discussed by the parties.
ALSO READ: IFFCO in talks with Russian fertiliser companies for JV
Additional details of the possible joint venture including the exact location and capacity of the plant are currently being discussed by the parties.