Potential joint ammonia investment between BASF and Yara
summary：BASF and Yara are evaluating a possible joint investment into a world scale ammonia plant at the U.S. Gulf Coast....
BASF, which is the world’s leading chemical company, has a strong presence in the United States. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. It is currently a major user of ammonia for its U.S. downstream manufacturing activities and intends to further strengthen its backward integration. Yara, with its global ammonia network and market expertise, seeks to strengthen its presence in the United States. 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.