Building on its comprehensive knowledge base, Yara’s innovation efforts reinforce its ability to find business opportunities based on meeting major global challenges in the areas of food production, resource shortages and environmental issues.
Innovative solutions are needed to close the widening gap between food demand and supply, by sustainably improving agricultural productivity and food production. The industrial sector is also increasingly adopting new regulations, aiming not only at generating new products, but also at improving the overall quality and environmental impact.
Yara has established several innovation platforms to drive business development and launch solutions and services: Emissions to Air, Water Scarcity, Resource Efficiency and, Coffee & Cocoa. Numerous new solutions to enhance farming practice have been launched in the past years.
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. In 2014 Yara grew its R&D organization around three core competency communities: Product and Application Development; Process Research; and Catalyst Systems. Two pilot facilities were launched to address key developments at the research center in Porsgrunn, and a new world class greenhouse has been opened at the Center for Plant Nutrition, Hanninghof in Dülmen. In 2014 Yara’s R&D costs reached NOK 154 million compared with NOK 128 million in 2013.