Yara is stepping into the low-carbon ammonia sector, announcing a new division focused on green ammonia as a marine fuel and fertilizer, says an article published in Maritime Executive.
Yara Clean Ammonia
Svein Tore Holsether, President and Chief Executive Officer of Yara said, “I am . . . pleased to announce we are taking further steps to enable the hydrogen economy, establishing a new global unit – Yara Clean Ammonia – to capture growth opportunities within carbon-free food solutions, shipping fuel and other clean ammonia applications, leveraging Yara’s unique existing positions within ammonia production, trade and shipping.”
About the new division
The new unit will source clean energy for hydrogen production, then leverage Yara’s experience with ammonia production to make green ammonia.
Head of the division
The company’s current trade, shipping and marketing divisions would handle distribution. The new unit will be headed by Magnus Ankarstrand and will report directly to Holsether.
Yara’s first ammonia project
Its first project will likely be the full-scale electrification of a 500,000 tonne ammonia unit at its Porsgrunn plant in Norway.
It would source renewable electricity from Norway’s hydropower-driven electrical grid for the purpose of hydrolysis.
Porsgrunn is one of Norway’s largest single stationary CO2 sources, and the electrification project would have a significant positive contribution to Paris Climate Accord goals. It will be a return to the past for Yara, since its early 1930s-era ammonia production drew on Norwegian hydropower for water electrolysis.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Maritime Executive
