BASF and Yara end low-carbon ammonia project

BASF and Yara International ASA have announced they will discontinue their joint project to develop a low-carbon ammonia production facility with carbon capture and storage on the U.S. Gulf Coast.

• Main action: BASF and Yara have decided to discontinue the low-carbon ammonia + CCS project in the U.S. Gulf Coast, with Yara stating it will continue its ammonia strategy, “evaluating and maturing equity investment opportunities in U.S. ammonia to determine the optimal project portfolio.” No implementation timeline for further actions on this specific project was provided.
• Background and details: The companies continue existing collaborations, including jointly operating a world-scale ammonia plant at BASF’s site in Freeport, Texas; BASF also produces ammonia in Ludwigshafen (Germany) and Antwerp (Belgium). Corporate facts included: BASF ~112,000 employees and €65.3 billion sales in 2024; Yara ~17,000 employees, operations in more than 60 countries and USD 13.9 billion revenues in 2024.