Production

Yara cuts production due to natural gas surge

Oslo, March 9 2022: Due to record natural gas prices in Europe, Yara is temporarily reducing production at its plants in Ferrara (Italy) and Le Havre (France). The two plants have a combined annual capacity of 1 million tonnes of ammonia and 0.9 million tonnes of urea. Taking into account the optimization and maintenance of other production facilities, Yara’s European ammonia and urea production is expected to operate at approximately 45% capacity by the end of this week.

Yara will continue to monitor the situation and, where possible, will use its global production system to continue to supply its customers and ensure the continuity of food supply chains, but reducing production if necessary due to market conditions. difficult.


Contact

Silje Nygaard
Head of Investor Relations
Mobile: +47 957 04 843
Email: [email protected]

Kristine Nordal
Vice President Corporate Communication
Mobile: +47 900 15 550
Email: [email protected]

About Yara
Yara develops her knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a respected planet, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is to develop a nature-friendly food future that creates value for our customers, shareholders and society as a whole and provides a more sustainable food value chain.

To achieve our ambition, we have taken the lead in developing digital agricultural tools for precision farming and are working closely with partners across the food value chain to improve the efficiency and sustainability of food production. By focusing on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy-intensive industries.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with approximately 17,000 employees and operations in over 60 countries, with a proven track record of strong Return. In 2021, Yara made $16.6 billion in revenue.
www.yara.com

This information is subject to the disclosure requirements in accordance with section 5-12 of the Norwegian Securities Act.