YARA INTERNATIONAL ASA 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@yara.com:
mailto:anders.lerstad@yara.com
Magnus Dahlen, Media Relations
Cellular: (+47) 95 89 19 39
E-mail: magnus.dahlen@yara.com:
mailto:bernhard.stormyr@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:
http://www.yara.com/
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Yara International ASA via Globenewswire
