BASF and Yara International agreed to build a previously announced ammonia plant at BASF’s Freeport, Texas, site. The $600 million, 750,000-metric-ton-per-year ammonia plant will use hydrogen as a raw material, which BASF said would significantly reduce capex, maintenance and carbon dioxide emissions.
Yara will own 68% of the plant and BASF will own the remaining 32%. Yara plans to build an ammonia tank at the BASF terminal and BASF will upgrade its current terminal and pipeline assets.
The ammonia plant was first announced last May. It is expected to be complete by the end of 2017. Yara will manage its construction and BASF will operate the plant and the export terminal.
