Building on its comprehensive knowledge base, Yara has increased its innovation efforts. In the future, innovation will reinforce Yara’s ability to thrive on business opportunities presented by major global challenges, such as those of food security and climate change. Innovative solutions are needed to close the growing gap between food demand and supply, by sustainably improving agricultural productivity and food production.
Yara’s research and development has created innovative crop nutrition solutions and environmental applications that position the company well in growing markets for these offerings. While innovation activity levels have increased significantly, product application development has not required substantial new resources. In 2012 Yara’s R&D costs were NOK 110 million, compared with NOK 123 million in 2011.