1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Yara International ASA
  6. News
  7. Summary
    YAR   NO0010208051

YARA INTERNATIONAL ASA

(YAR)
  Report
Real-time Oslo Bors  -  05/18 10:27:07 am EDT
473.40 NOK   +1.15%
05/16YARA : Buy rating from Deutsche Bank
MD
05/11Yara International ASA ex-dividend NOK 30 today
GL
05/11Yara International ASA ex-dividend NOK 30 today
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Yara and Lantmaennen to launch 'fossil-free' fertilisers in Sweden

01/13/2022 | 02:00am EDT

OSLO, Jan 13 (Reuters) - Norway's Yara and Sweden's Lantmaennen will next year introduce products that could eventually become the world's first fossil-free nitrogen fertilisers, as they strive to decarbonise food production, the companies said on Thursday.

Yara, a top global nitrogen fertiliser maker, said using ammonia made from European renewable energy would reduce the carbon footprint of the finished products by 80-90% compared with using ammonia made from natural gas.

Lantmaennen, an agricultural cooperative, will market the products in Sweden. Using green fertilisers could reduce wheat cultivation's climate impact by 20 percentage points, it said.

Ammonia is a key chemical building-block for making fertiliser that releases nitrogen - an essential nutrient for growing plants - into the soil.

Oslo-based Yara plans to cut all CO2 emissions from its ammonia plant in Porsgrunn in southern Norway https://www.reuters.com/article/yara-esg-idUSKBN28H1FM, and also has green ammonia projects in the Netherlands and Australia https://www.reuters.com/article/us-agriculture-fertilizers-hydrogen-focu-idUSKBN29P1EF.

It is currently installing a 24 megawatt (MW) pilot electrolyser plant at Porsgrunn, with a capacity of 20,500 tonnes of ammonia per year forming the basis for 60,000-80,000 tonnes of fossil-free mineral fertiliser.

"This is large enough that we can start on commercial scale and to develop the market and create demand for the product," Yara's Chief Executive Svein Tore Holsether told Reuters.

"We're preparing to produce fertiliser for the world," he added.

Currently, the remaining components of mineral fertilisers - potassium and phosphorus - generate some carbon emissions, but the expectation is that these could eventually be eliminated too.

How much more expensive the fossil-free products would be compared with conventional products is hard to say given highly volatile power and gas prices in Europe, Holsether said.

European gas prices soared more than 800% in 2021 to hit an unprecedented level of over 180 euros per megawatt hour last year, leading some ammonia suppliers, including Yara, to temporarily curb output.

The decarbonisation of the food value chain wouldn't realistically be carried out by farmers alone but would need incentives, Holsether said.

"Carbon taxes are key ... to lift affordability, or competitiveness, of the green products that today have to compete with fossil fuel alternatives with hardly any carbon taxes on them," Holsether said. (Reporting by Victoria Klesty Editing by Mark Potter)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION -4.56% 55.83 Delayed Quote.-17.80%
S&P GSCI NATURAL GAS INDEX -1.70% 389.1282 Real-time Quote.125.04%
YARA INTERNATIONAL ASA 1.15% 473.4 Real-time Quote.5.17%
All news about YARA INTERNATIONAL ASA
05/16YARA : Buy rating from Deutsche Bank
MD
05/11Yara International ASA ex-dividend NOK 30 today
GL
05/11Yara International ASA ex-dividend NOK 30 today
AQ
05/11YARA INTERNATIONAL ASA : Ex-dividend day for final dividend
FA
05/10Yara general meeting approves dividends and elects Board members in line with Nominatio..
GL
05/10Yara general meeting approves dividends and elects Board members in line with Nominatio..
GL
05/10Yara International ASA Announces Board Changes
CI
05/10Yara International ASA Approves Dividend for the Year 2021, Payable on 20 May 2022
CI
05/05YARA : UBS gives a Neutral rating
MD
05/04TRANSCRIPT : Yara International ASA - Special Call
CI
More news
Analyst Recommendations on YARA INTERNATIONAL ASA
More recommendations
Financials
Sales 2022 219 B 22 290 M 22 290 M
Net income 2022 24 022 M 2 450 M 2 450 M
Net Debt 2022 30 258 M 3 086 M 3 086 M
P/E ratio 2022 5,00x
Yield 2022 10,4%
Capitalization 121 B 12 301 M 12 301 M
EV / Sales 2022 0,69x
EV / Sales 2023 0,80x
Nbr of Employees 17 800
Free-Float 63,8%
Chart YARA INTERNATIONAL ASA
Duration : Period :
Yara International ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends YARA INTERNATIONAL ASA
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 473,40 NOK
Average target price 500,34 NOK
Spread / Average Target 5,69%
EPS Revisions
Managers and Directors
Svein Tore Holsether President & Chief Executive Officer
Lars R°sŠg Vice President
Trond Berger Chairman
Geir Olav Sundb° Independent Director
Rune Asle Bratteberg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
YARA INTERNATIONAL ASA5.17%12 323
THE MOSAIC COMPANY67.07%23 761
QINGHAI SALT LAKE INDUSTRY CO.,LTD-18.34%23 706
CF INDUSTRIES HOLDINGS, INC.53.22%22 623
SABIC AGRI-NUTRIENTS COMPANY-17.78%18 782
FERTIGLOBE PLC51.70%12 159