Yara opens world scale ammonia plant in Burrup

20-Apr-2006

Yara International ASA strengthens its position in Asia with the opening of the world's largest greenfield ammonia plant in Burrup, Western Australia. Yara, which holds a 30 percent stake in the plant will market and sell 100 percent of the production. The Burrup plant will employ nearly 100 people at full production. The plant has an annual production capacity of 760,000 tonnes of liquid ammonia.

"The Burrup plant combines production based on a competitive natural gas price with proximity to important growth markets in Asia. The partnership in Australia helps strengthen our position as the world's leading supplier of ammonia," says President and CEO of Yara International, Thorleif Enger.

The plant is owned by Burrup Holdings Pty Ltd. which is 30 percent owned by Yara with the balance owned by the Oswal and Rambal families. The plant uses natural gas from the Australian North West continental shelf as feedstock to produce liquid ammonia. The company has entered into a take-or-pay agreement for the take-up of natural gas from the Harriet JV over the 25-year life of the plant. The contract also includes an option to prolong, as well as flexibility to optimise production.

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