BASF generated sales of €87.3 billion in 2022. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. We combine economic success with environmental protection and social responsibility. Yara aims to become climate-neutral and grow a nature-positive food future.Īt BASF, we create chemistry for a sustainable future. Since becoming a listed company in 2004, Yara has almost halved its emissions and will reduce a further 30 percent by 2030.
Yara has a strong track record in greenhouse gas abatement. BASF aims to reduce its absolute CO2 emissions by 25 percent by 2030 compared to 2018 and achieve net zero CO2 emissions by 2050. Since the CO2 generated in the production process is captured and not released to the atmosphere, blue ammonia plays a significant role in the transition to alternative, less carbon-intensive products. The product characteristics of blue ammonia are identical to conventionally produced ammonia. This advertisement has not loaded yet, but your article continues below. For BASF, the new plant would act as backward integration to serve the company’s demand for low-carbon ammonia and would lower the carbon footprint of its ammonia-based products. This would allow Yara to serve its customers with clean ammonia with a significantly reduced product carbon footprint.
In line with Yara Clean Ammonia’s strategy, we are working systematically to develop asset-backed supply to decarbonize agriculture as well as serving new clean ammonia segments such as shipping fuel, power production and ammonia as a hydrogen carrier,” said Magnus Krogh Ankarstrand, President of Yara Clean Ammonia.Īpproximately 95 percent of the carbon dioxide (CO2) generated from the production process is aimed to be captured and permanently stored in the ground. “Yara and BASF have successfully collaborated in the past and we are pleased to explore a new clean ammonia project together. Activate your Online Access Now Article content In one week (even though at least one was resurrected), 3 of CoinWorlds/Numismatic Newss have been called to the carpet (and I am sure these 3 dealers. If you are a Home delivery print subscriber, unlimited online access is included in your subscription.
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