Yara buys ammonia plant in Texas for US$1.3 billion.

THE Yara announced this Thursday (2) that it has bought, for US$ 1.3 billion, the ammonia plant of Gulf Coast Ammonia (GCA) Located in Texas (United States), the new plant expands its presence in the North American market and strengthens its strategy to ensure greater competitiveness in the global supply of raw materials. The unit is still in the testing phase. The Norwegian company expects the plant to be fully operational by the end of 2026, with a capacity to produce 1.3 million tons of ammonia per year. In a statement released to the market, Yara informs that the acquisition will allow it to diversify its exposure to energy costs, since the factory will use natural gas from the North American market itself, reducing dependence on other producing regions. "With this plant, we strengthen our operational resilience and diversify our energy costs at a time when supply flexibility is more important than ever," said the company's president and CEO, Svein Tore Holsether, in the statement. In addition to supplying industrial customers, the new unit will also be used to meet part of Yara's own demand for ammonia, reinforcing its fertilizer production chain. According to the company, in the near future, the plant may also produce low-carbon ammonia, depending on the evolution of regulatory rules and economic viability. The completion of the deal between the two companies is still subject to approval by regulatory bodies.

This text was translated by machine from Brazilian Portuguese.