Chemical giants BASF and Yara abandon low-carbon ammonia production venture in the US Gulf Coast region.
In a recent announcement, chemicals company BASF and clean energy specialist Yara Clean Ammonia have decided to discontinue plans for a low-carbon ammonia production facility on the US Gulf Coast. The facility, which was intended to produce between 1.2 and 1.4 million tonnes of low-carbon ammonia per year, would have been a collaboration between the two companies.
The planned facility aimed to produce low-carbon ammonia, a type of ammonia with reduced carbon emissions. It would have employed carbon capture and storage (CCS) technology to capture and permanently store around 95% of the carbon dioxide generated during production.
The decision to cancel the project was made due to a focus on initiatives with the highest potential to achieve value creation goals. Despite the cancellation, both companies continue to prioritize sustainable solutions.
BASF focuses on advancing sustainable chemistry and digitalization to enhance efficiency and reduce carbon emissions, while Yara Clean Ammonia prioritizes developing and scaling clean ammonia production technologies to enable low-carbon fertilizer solutions and decarbonize industrial processes.
Yara plans to continue its ammonia strategy to scale up clean ammonia as a low-carbon fertilizer feedstock and as an energy carrier for shipping, power, and hydrogen markets. The company announced that it will continue to pursue initiatives that align with its mission to enable a more sustainable future.
Meanwhile, BASF and Yara continue their joint operation of an ammonia plant at BASF's Freeport, Texas site. The canceled project was scheduled for a feasibility study completion by the end of 2023, but it is now clear that the low-carbon ammonia production facility with CCS on the US Gulf Coast is no longer in development.
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