Yara and BASF exploring ammonia JV in the US

Yara, a leading global supplier of fertilisers and plant nutrients, and BASF are evaluating a possible joint investment into a world scale ammonia plant at the US Gulf Coast. Yara, with its global ammonia network and market expertise, is looking to increase its presence in the US. BASF, which has a strong presence in the US, is currently a major user of ammonia for its US downstream manufacturing activities and intends to further strengthen its backward integration.
 
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Additional details of the possible joint venture including the exact location and capacity of the plant are currently being discussed by the parties.