Yara expands value-added production capacity in Sluiskil, Netherlands
(Thomson Reuters ONE) -
Oslo, 29 July 2015: Yara is investing USD 263 million in Sluiskil, Netherlands
to increase granulation capacity enabling increased production of granular urea
with sulphur, and nitrates.
In 2011, Yara completed the construction of a new world scale urea solution
plant in Sluiskil which partly feeds an old prilling unit producing 400,000 tons
of urea annually. With this investment, the prilling unit will be replaced by a
new urea granulator also designed for production of urea with sulphur, a product
that is sold with a premium to regular urea. The new granulator will have an
annual capacity of 660,000 tons of urea with sulphur. In parallel with
increasing urea production, Sluiskil will reduce UAN production by around
230,000 tons per annum, freeing up nitric acid capacity enabling 130,000 tons
per annum of additional CAN production.
"In Europe and gradually also in other regions of the world, agricultural soils
are lacking sulphur, which is an essential plant nutrient. With this investment
we are able to serve a growing demand, helping farmers improve both yield and
crop quality while contributing to improved nitrogen efficiency," says Torgeir
Kvidal, President and Chief Executive Officer of Yara International ASA.
The new plant will be based on technology developed by Yara. Construction will
start in 2015, with completion expected in second half 2017.
Contact
Anders Lerstad, Investor Relations
Cellular: (+47) 93 42 69 54
E-mail: anders.lerstad(at)yara.com
Magnus Dahlen, Media Relations
Cellular: (+47) 95 89 19 39
E-mail: magnus.dahlen(at)yara.com
About Yara
Yara's knowledge, products and solutions grow farmers' and industrial customers'
businesses profitably and responsibly, while nurturing and protecting the
earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields,
improve product quality and reduce the environmental impact of agricultural
practices. Our industrial and environmental solutions improve air quality by
reducing emissions from industry and transportation, and serve as key
ingredients in the production of a wide range of goods. We foster a culture that
promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today, Yara has a worldwide
presence, with more than 12,000 employees and sales to more than 150 countries.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
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Datum: 29.07.2015 - 08:01 Uhr
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