Yara International ASA and BASF today celebrated the opening of a new world-scale ammonia plant in Freeport, Texas, USA. The $600M, state-of-the-art facility uses a cost-efficient and sustainable production process, based on by-product hydrogen instead of natural gas.
Yara Freeport LLC owns 68% and BASF owns 32%. The plant, located at BASFâs site in Freeport, has a capacity of 750,000 metric tons of ammonia per year.
âTogether with our partners at BASF, we built a world-scale ammonia plant that not only raises the bar in terms of safety, efficiency and quality but also applies the principles of industrial symbiosis by using a by-product as feedstock for ammonia production,â? says Yara President and CEO, Svein Tore Holsether. âYara Freeport strengthens our leading position in the global ammonia market and expands our production footprint in North America.â?
âThis joint venture with Yara not only strengthens our production Verbund at the Freeport site, it demonstrates BASFâs commitment to investing in North America,â? said Wayne T. Smith, member of the Board of Executive Directors of BASF SE and Chairman and CEO, BASF Corporation. âThe new plant allows us to take advantage of world-scale production economics and attractive raw material costs to strengthen the competitiveness of our customer value chain in the region.â?