BASF, Yara to build new ammonia plant in Texas
The proposed ammonia plant would be located at the existing BASF site in Freeport, Texas, have an capacity of 750,000 tpy, and be based on a hydrogen-synthesis process.
BASF and Yara have made "good progress" with their plan to
jointly build a world-scale ammonia plant on the US Gulf
Coast, the companies announced on Thursday.
The proposed plant would be located at the existing BASF site
in Freeport, Texas, have an capacity of 750,000 tpy, and be
based on a hydrogen-synthesis process.
Further details of the planned joint venture are currently
under discussion between the parties. The project
is subject to final
approval from the respective boards of directors of BASF and
BASF, which has a strong presence in the US, is currently a
major user of ammonia for its US downstream activities. The
company says that with the latest project
, it intends to further
strengthen its backward integration
Meanwhile, Yara, with its global ammonia network and market
expertise, is looking to strengthen its presence in the US.