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BASF, Yara consider joint U.S. ammonia plant

  • German chemicals firm BASF (BASFY.PK) and Norwegian fertilizer maker Yara (YARIY.PK, YRAIF.PK) are evaluating a potential joint investment in a "world scale" ammonia plant at the U.S. Gulf coast.
  • Yara, with its global ammonia network and market expertise, seeks to increase its presence in the U.S.; BASF, which has a strong U.S. presence, is currently a major user of ammonia for its U.S. downstream manufacturing activities and intends to further strengthen its backward integration.
  • Other fertilizer producers such as CF, MOS and AGU could see interest today on the news.
Comments (1)
  • Isn't it interesting that plans for a "world scale" ammonia plant on America's gulf coast are being made by a Norwegian company and a German company. Where are the American companies?

     

    Interesting that JP Morgan's headquarters building, at One Chase Manhattan Plaza, is now owned by the Chinese.

     

    Maybe this is the "de-Americanization" that the Chinese are talking about.
    18 Oct 2013, 12:10 PM Reply Like
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