Yara to invest $220 mn in Swedish ammonium nitrate facility

The Board of Yara International ASA has approved an investment of SEK 1,747 million ($ 220 million) to sustain and increase technical ammonium nitrate (TAN) capacity in the Koping site in Sweden. The investment includes the construction of a new nitric acid plant replacing an existing plant which is approaching the end of its operating life. The total TAN capacity after the upgrade will reach about 450 kilo tonne (kt) per annum.
 
“With this investment, Yara further strengthens its position as the largest independent supplier of high quality technical ammonium nitrate globally. After the expansion, Koping will be well positioned to efficiently supply growing demand in Nordic markets as well as continuing to supply global markets,” said Torgeir Kvidal, President and Chief Executive Officer, Yara International ASA.
 
The new plant will be based on state-of-the-art technology, improving energy efficiency and further reducing greenhouse gas emissions in the Koping plant. Construction will start in 2015, with completion expected in second half 2017.