Yara reduces ammonia production due to the increase


Oslo, 17 September 2021: Record prices for natural gas in Europe are impacting ammonia production margins and as a result Yara is cutting production at several of its plants. Including the optimization of ongoing maintenance, Yara will have reduced by next week around 40% of its ammonia production capacity in Europe.

Yara will continue to monitor the situation, with the aim of continuing to supply customers but reducing production if necessary.


Contact

Silje nygaard, Acting Head of Investor Relations
Mobile: (+47) 957 04 843
Email: [email protected]

Josiane Kremer, Director of External Communications
Mobile: (+47) 481 80 451
Email: [email protected]

About Yara

Yara develops knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a respected planet, we pursue a strategy of sustainable growth in value, 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 as a whole and provides a more sustainable food value chain.

To achieve our ambition, we have taken the lead in developing digital agricultural tools for precision farming and are working closely with partners across the food value chain to improve the efficiency and sustainability of food production. With a 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 only global crop nutrition industry company. We operate an integrated business model with approximately 17,000 employees and operations in over 60 countries, with a proven track record of strong returns on investment. In 2020, Yara achieved a turnover of 11.6 billion USD.
www.yara.com

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