OSLO, Norway/LUDWIGSHAFEN, Germany - Yara International and BASF Group have agreed to build a world-scale ammonia plant at BASF's site in Freeport, TX. The plant will use hydrogen as raw material, reducing capital expenditures, maintenance and carbon dioxide emissions significantly.
"Through the joint investment with Yara, we can take advantage of world-scale production economics and the attractive raw material costs in the United States. We will thus strengthen our Freeport Verbund and the competitiveness of our polyamide 6 value chain in the region. We look forward to a successful partnership with Yara," said Wayne T. Smith, member of the Board of Executive Directors of BASF SE, responsible for the Chemicals segment.