Yara acquires rest of urea plant
Following the Borealis acquisition of GPN SA including 52.15 percent ownership in the Le Havre urea plant, Yara International ASA has accepted an offer from Borealis to acquire Borealis’ ownership in Le Havre, situated on the north-west coast of France.
Yara currently holds 47.85 percent in the 320,000 mt/y urea production facility, and 100 percent in 400,000 mt/y ammonia production facility.
The acquisition will simplify overall management of the facility to the benefit of Yara’s activities in France and in Europe, and will allow greater flexibility and optimization of the site.
Access to an additional 160,000 mt/y urea will allow Yara to expand its sales to industrial customers in markets such as nitrogen oxide abatement (DeNOX), AdBlue and the animal feed sector.
The agreement with Borealis includes a urea supply agreement during a transition period.