Jun 26, 2008
"This expansion takes advantage of urea upgrading margins on excess ammonia capacity in Sluiskil, in addition to improving energy efficiency, environmental performance and maintenance cost. Long-term fertilizer prices will need to reflect the higher construction cost levels to motivate new supply in a tight and growing global fertilizer market, and this investment underlines the value of our existing nitrogen capacity combined with a strong distribution business," says Sven Ombudstvedt, CFO and Head of Strategy at Yara International.
Yara Sluiskil produces ammonia, nitric acid, nitrates, urea, liquid fertilizer, liquefied CO2 for the food industry and environmental products such as AdBlue. AdBlue is an aqueous urea solution used in emission control devices for NOX reduction on commercial vehicles. The Sluiskil plant ranks among the largest and most efficient European fertilizer facilities.
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 33 98 32
Hamed Brodersen, Media Relations
Cellular (+47) 40 46 81 10
Yara International ASA is a leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara's global workforce of more than 8,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry.
Uhde is a company in the Technologies segment of the ThyssenKrupp Group and has a workforce of more than 4,800 employees worldwide. The company's activities focus on the engineering and construction of chemical and other industrial plants in the following fields: fertilisers; electrolysis; gas technologies; oil, coal and residue gasification; refining technologies; organic intermediates, polymers and synthetic fibres; and also coke plant and high-pressure technologies. We also provide our customers with professional services and comprehensive solutions in all areas of industrial plant operation.www.uhde.biz