Yara International Mulls Oslo IPO for Clean Ammonia Business
2022年5月4日 - 6:45PM
Dow Jones News
By Dominic Chopping
Yara International ASA said Wednesday that it is evaluating a
potential initial public offering for its Yara Clean Ammonia
business on the Oslo Stock Exchange.
"The evaluation of a potential future listing is focused on
attracting minority investors and reflects Yara's strategic
ambition to enable the hydrogen economy," the Norwegian fertilizer
producer said.
Yara Clean Ammonia was established as a separate business unit
in February 2021 to focus on producing clean ammonia to be used as
an emission-free fuel for shipping and power, carbon-free food
production and industrial applications.
Clean ammonia comprises both blue and green ammonia. Blue
ammonia is derived from blue hydrogen, produced based on natural
gas with the CO2 stored in permanent reservoirs after a carbon
capture and storage process. Green ammonia is produced carbon-free
by using green hydrogen.
Yara Clean Ammonia operates an ammonia network with 12 ships and
has access to 18 ammonia terminals and multiple ammonia production
and consumption sites across the world, the company said.
Yara will remain a majority owner in Yara Clean Ammonia should
it list.
ABG Sundal Collier and J.P. Morgan have been retained to advise
on the evaluation of a potential IPO.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
May 04, 2022 05:30 ET (09:30 GMT)
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