18 October 2013
Details
BASF and Yara
are evaluating a possible joint investment into
a world scale ammonia plant at the U.S. Gulf Coast.
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.
Yara, with its global ammonia network and market expertise,
seeks to strengthene its presence in the United States.
Additional details of the possible joint venture including
* the exact location fort the plant as well as
* the capacity of the plant
are currently being discussed by the parties
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