Yara invests $20 M in Tanzanian fertilizer terminal

Dar es Salaam, Tanzania-Yara International ASA has announced a $20 million investment in a new fertilizer terminal by the port in Dar es Salaam. “This strengthens Yara’s long term commitment to development of Tanzania’s agricultural sector,” said Yara’s CEO Jørgen Haslestad. Yara presently supplies 120,000 mt of fertilizer annually to the region. The new terminal will have a revolving storage capacity of 45,000 mt of fertilizer, which will be sufficient for the medium-term requirement, and the location allows for new capacity to be added for long-term requirements.