Yara confirms US ammonia strategy aligns with its capital allocation framework
Yara and Air Products have announced that they are advancing negotiations to collaborate on low-emission ammonia initiatives (link: https://newsweb.oslobors.no/message/661437).
Yara has refined a project portfolio aimed at investing in cost-competitive US ammonia to broaden its energy footprint and strengthen the competitiveness of its European nitrate production, which supports solid returns.
As highlighted in recent quarterly reports, Yara will pursue potential US projects in a manner consistent with its capital allocation policy. A partnership with Air Products would align with this approach. Yara has circulated an expected average capital expenditure (real) of around USD 1.2 billion over the cycle, along with an annual maintenance capex of USD 700-850 million. During project execution between 2026 and 2030, and up until the closing, the company will adopt a cautious stance on other growth ventures, uphold strict capital discipline, and preserve the ability to continue distributing value to shareholders.
A final investment decision is targeted for mid-2026.
Contacts
Maria Gabrielsen
Head of Investor Relations
Mobile: +47 920 900 93
Email: maria.gabrielsen@yara.com
About Yara
Yara’s mission is to responsibly feed the world while protecting the planet. The company pursues sustainable value growth by reducing emissions from crop-nutrition production and by developing low-emission energy solutions. Yara aims to foster a nature-positive food future that creates value for customers, shareholders, and society at large, while delivering a more sustainable food value chain.
To accelerate the green transition in fertilizer production, shipping, and other energy-intensive sectors, Yara plans to produce ammonia with far lower emissions. The company also provides digital tools for precision farming and collaborates with partners across the food value chain to share knowledge and promote more efficient, sustainable practices.
Founded in 1905 to combat Europe’s famine challenges, Yara has established itself as the world’s only global crop-nutrition company. With about 17,000 employees and operations in more than 60 countries, sustainability is embedded in its business model. In 2024, Yara reported revenues of USD 13.9 billion.
www.yara.com
