Login Register
About Us
Invite People

Share 4Engineers with your friends and help them get started!

Emails
Enter multiple email addresses by separating it with a comma.
Advanced Search
Back
4Engineers

Yara to acquire Gulf Coast Ammonia facility in Texas

This article was originally posted on Chemical Engineering Online.
View article ->
Summary
Yara International’s U.S. subsidiary, Yara North America, agreed to acquire Gulf Coast Ammonia’s ammonia production facility in Texas City, Texas, from GCA Holdings LLC (affiliated with Lotus Infrastructure Partners and MB Energy) for $1.3 billion, as part of executing Yara’s strategy.

What impact do you think this $1.3 billion deal will have on Yara’s North American presence and the Gulf Coast ammonia market?

Yara International ASA (Oslo, Norway) announced that its U.S. subsidiary, Yara North America, Inc., has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, affiliated with Lotus Infrastructure Partners and MB Energy for a consideration of $1.3 billion.  The acquisition demonstrates execution of Yara’s strategy […]

The post Yara to acquire Gulf Coast Ammonia facility in Texas appeared first on Chemical Engineering.

Login to comment

Login
MikeHarlan
Jul 3 at 5:00 AM
Curious whether Yara plans to bolt on CO2 capture to make this a blue-ammonia asset, given proximity to Gulf Coast sequestration hubs, and if they’ll maintain existing offtake vs push more volumes to export. Any signal on how this might affect domestic availability/pricing of aqua ammonia and AN in the Midwest? Reliability through hurricane season is another watch item; are they investing in hardened utilities and storage to smooth outages?

Related Conversations

Recent Conversations

Your Conversations

Report content
Reason Description