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BASF and Yara mull ammonia joint venture in US

8:03 AM MDT | October 18, 2013 | Deepti Ramesh

BASF and Yara (Oslo) are evaluating a possible joint investment into a world-scale ammonia plant in the US Gulf Coast, the two companies announced today. BASF is currently a major user of ammonia for its US downstream manufacturing activities and intends to further strengthen its backward integration; and Yara, with its global ammonia network and market expertise, aims to strengthen its presence in the United States. BASF and Yara are currently in discussions to decide the details of the possible joint venture including the exact location as well as the capacity...

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