During its fouth-quarter financial reporting, Yara International ASA (Oslo, Norway) announced its establishment of a new business unit focused on the hydrogen and ammonia economy.
“I am pleased to announce we are taking further steps to enable the hydrogen economy, establishing a new global unit – Yara Clean Ammonia – to capture growth opportunities within carbon-free food solutions, shipping fuel and other clean ammonia applications, leveraging Yara’s unique existing positions within ammonia production, trade and shipping,” said Svein Tore Holsether, President and Chief Executive Officer of Yara.
Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations within both agriculture and the hydrogen economy. Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from these challenges.