In September 2006, Yara and China BlueChemical established a strategic partnership to pursue growth opportunities in China.
In October 2006, Yara strengthened its South American presence by acquiring the Mexican fertilizer company Olmeca from SQM.
The second half of 2006 saw Yara establish itself as the second-largest fertilizer company in Brazil following the acquisition of Fertibras.
In the third quarter of 2006 Yara completed the divestment of most of its LPG/ammonia shipping assets to Bergesen Worldwide Gas (BW) Gas.
In June 2006, Yara completed the purchase of British-based Phosyn Ltd, a globally-recognized brand in the plant nutrients business. The wholly-owned subsidiary took the name Yara Phosyn Ltd, with Yara's Dr. Geoff Paulson as its first Managing Director.
After cooperating closely for years, Yara acquired 50 percent of Geneva-based trading company Balderton Fertilisers SA in October 2006.
Yara International ASA and Praxair Inc. confirmed the establishment of a 50/50 joint venture, under the name Yara Praxair, on Nov. 30, 2007, following the European Commission's clearance of the deal.
Yara International and Indian company Kribhco established a 50/50 joint venture in April 2007 to produce and market mineral fertilizer for the fast-growing Indian market.
In April 2007, Yara signed a Heads of Agreement with the National Oil Corporation (NOC) of Libya, with the intention of establishing a joint venture for production and marketing of mineral fertilizer.
In May 2007, Yara's Research Center at Porsgrunn in Norway unveiled abatement technology that dramatically reduces nitrous oxide N2O emissions from nitric acid plants.
In October 2007, Yara completed its acquisition of Kemira GrowHow Oyj, one of the leading producers of fertilizers and feed phosphates in Europe, following overwhelming acceptance of its tender offer by Kemira GrowHow shareholders.