In 2012 Yara added new production capacity, entered agreements for expansions and engaged in global dialogue and partnerships, creating value and creating impact. In 2013 Yara will start construction – and see completion – of a number of expansion projects, continue its partnership engagements and leverage its innovation capabilities.
Yara acquired an additional 16% of Burrup Holdings Ltd., increasing its ownership to 51% equity interest.
Yara agreed to form joint ventures with Orica and Apache to build a 330,000 tons p.a. technical ammonium nitrate (TAN) plant at Burrup, Australia.
Yara agreed to make a strategic investment of approximately CAD 40 million in IC Potash Corp., with an off-take agreement for 30% of ICP’s Ochoa project.
Yara acquired an additional 34.33% of Ethiopotash BV at NOK 177 million, developing a potash resource in Dallol, increasing its ownership to 51%.
Yara CEO Jørgen Ole Haslestad represented the private sector when President Barack Obama launched the New Alliance for Food Security and Nutrition.
Yara Board of Directors approved expansions at the company’s Belle Plaine (Canada) and Porsgrunn (Norway) facilities, adding a combined volume of 1.3 million tons.
Yara JV Qafco completed its Qafco 5 and 6 expansions, increasing urea capacity to approximately 5.5 million tons p.a.
Yara JV Lifeco restarted one of its ammonia lines at its Marsa el Brega plant after a closure since February 2011 due to the unrest in Libya.
Yara’s Prize for an African Green Revolution was awarded to Dr. Eleni Gabre-Madhin of Ethiopia and Dr. Agnes Kalibata of Rwanda, .
Yara regained 100% ownership of the Vlaardingen specialtyfertilizer plant in the Netherlands following the dissolving of a JV with ICL and SQM.
Yara co-sponsored the Sahara Forest Project pilot facility outside Doha, which hosted VIP guests at a soft launch in conjunction with the COP18 in Qatar.
Yara entered into an agreement to acquire Bunge’s fertilizer business in Brazil, at a cost of USD 750 million, building further scale in the growing Brazilian market, .