Building on its long experience and leading position within logistics, optimization and trade, Yara has now established Yara Clean Ammonia (YCA) as a separate unit and stated that an IPO will be evaluated.
The existing strong midstream position of YCA creates a pole position for development of new downstream market segments and an excellent basis for development of the Upstream ownership positions in competitive clean ammonia projects, like through the joint venture with Enbridge that was recently announced. The new clean ammonia segments being developed will fundamentally speed up the growth of the ammonia business. Those new segments are for shipping fuel, power production, ammonia as hydrogen carrier and clean fertilizer for food segments. YCA will contribute to the development of the first three segments, while Yara will be responsible for development of the fourth.