Yara and BASF are evaluating a possible joint investment into a world scale ammonia plant at the U.S. Gulf Coast. Yara, with its global ammonia network and market expertise, seeks to increase its presence in the United States. BASF, which has a strong presence in the United States, is currently a major user of ammonia for its U.S. downstream manufacturing activities and intends to further strengthen its backward integration.
Additional details of the possible joint venture including the exact location for the plant as well as the capacity of the plant are currently being discussed by the parties.
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Other news in this sector:
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