Yara ammonia curtailment volume update
Oslo, 15 December 2021: Record high natural gas prices led Yara to curtail ammonia production at a number of its plants in Europe in September. Including planned maintenance and unscheduled outages, Yara’s European ammonia production has been approx. 30% ( ~370 kt) below capacity from September to November. The impact on finished fertilizer production has been limited, as unprofitable ammonia production has been replaced with sourcing from Yara plants outside Europe, and from Yara’s global ammonia trade and shipping network. Currently most of Yara’s ammonia production in Europe is back on stream. Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary.
Contact
Silje Nygaard, Head of Investor Relations
Mobile: (+47) 957 04 843
E-mail: silje.nygaard@yara.com
Kristin Nordal, Corporate Communications
Mobile: (+47) 900 15 550
E-mail: kristin.nordal@yara.com
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2020, Yara reported revenues of USD 11.6 billion.
www.yara.com
