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Yara and Enbridge plan $2.9 bln ammonia plant in Texas
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Yara and Enbridge plan $2.9 bln ammonia plant in Texas
Business
Date posted: 03.04.2023
Category: Business News
Norwegian fertiliser maker Yara (YAR.OL) and Canadian pipeline company Enbridge (ENB.TO) plan to invest up to $2.9 billion to build a low-carbon blue ammonia production plant in Texas, they said on Friday.
Blue ammonia, rather than green ammonia derived from renewable energy, refers to ammonia produced from natural gas, with the carbon dioxide (CO2) byproduct captured and stored.
The plant, which would be Yara’s biggest, would be built at an Enbridge oil storage and export facility near Corpus Christi, with production to start around 2027-28.
Source: Yara