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.

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Comments (1)
  • Uncle Pie
    , contributor
    Comments (4323) | Send Message
     
    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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