About Yara

Yara gains strong foothold in Australasia

As part of its strategy to strengthen its position in Asia and Oceania, Yara acquired a 30 percent stake in Burrup Holdings Pty Ltd.

At the time of the agreement, Burrup was close to completing a world-scale ammonia plant on the Burrup Peninsula in Western Australia, the first chemical-processing facility based on gas from the Australian North West continental shelf.

The move further consolidated Yara’s relationship with Burrup. This began in 2002 with an off-take agreement to sell 100 percent of the ammonia once the 760,000-tonne capacity plant began production.

The acquisition of shares in Burrup represented an important step in strengthening Yara’s global market position within ammonia, the key building block for nitrogen fertilizers and industrial products. Most of the plant’s ammonia was earmarked for sale in the growth markets of Asia.

With the purchase of its stake in Burrup, President and CEO at Yara, Thorleif Enger, stated: "With Burrup we have found an excellent strategic fit, including sound economics based on a competitive natural gas price and future development opportunities.”

The deal also included an option for Yara to participate in the creation of a second plant, under assessment by Burrup, which could involve ammonium nitrate and urea. The option also included agreements for Yara to supply key technology and to be responsible for marketing the output.

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