Yara and BASF: Potential joint ammonia investment
(Thomson Reuters ONE) -
Oslo (2013-10-18): Yara and BASF are evaluating a possible joint investment into
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 United States. BASF, which has a strong presence in the
United States, is currently a major user of ammonia for its U.S. downstream
manufacturing activities and intends to further strengthen its backward
integration.
Additional details of the possible joint venture including the exact location
for the plant as well as the capacity of the plant are currently being discussed
by the parties.
Contact
Yara
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mail thor.giaver(at)yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mail esben.tuman(at)yara.com
BASF
Jennifer Moore-Braun, Corporate Media Relation
Telephone (+49) 621 60 99123
E-mail jennifer.moore-braun(at)basf.com
John Schmidt, U.S. Media Relations
Telephone (+1) 973 245-6405
E-mail john.schmidt(at)basf.com
About Yara
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com
About BASF
BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products and crop
protection products to oil and gas. We combine economic success with
environmental protection and social responsibility. Through science and
innovation, we enable our customers in nearly every industry to meet the current
and future needs of society. Our products and solutions contribute to conserving
resources, ensuring nutrition and improving quality of life. We have summed up
this contribution in our corporate purpose: We create chemistry for a
sustainable future. BASF had sales of ?72.1 billion in 2012 and more than
110,000 employees as of the end of the year. BASF shares are traded on the stock
exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information
on BASF is available on the Internet at www.basf.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
[HUG#1736533]
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2013 - 08:05 Uhr
Sprache: Deutsch
News-ID 307051
Anzahl Zeichen: 3476
contact information:
Town:
Oslo
Kategorie:
Business News
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"Yara and BASF: Potential joint ammonia investment"
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Yara International ASA (Nachricht senden)
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