What is Yara's stated timeline for the final investment decision (FID) on its $9 billion US blue ammonia plant with Air Products, and what conditions could delay it?

Yara International maintains a mid-2026 timeline for the final investment decision (FID) on its joint venture with Air Products to build a $9 billion blue ammonia plant in the US. CFO Magnus Krogh Ankarstrand affirmed the company is 'working by the plan' for that timing but clarified that Yara could wait longer if there are 'outstanding technical matters or any other good reason,' emphasizing that 'there's nothing forcing your hand to make a decision on a certain date' and that the decision will be made 'for both companies.'

How does the potential suspension of the EU's Carbon Border Adjustment Mechanism (CBAM) for fertilizers affect Yara's US blue ammonia project, and what is Yara's stance on CBAM?

The European Commission's January 2026 discussion of a possible suspension of the Carbon Border Adjustment Mechanism (CBAM) for fertilizers cast doubt on the FID for Yara's US project; however, Yara's CFO confirmed that commercial negotiations are proceeding 'according to plan,' with priority on the NEOM project (due to commission in 2027) and the US project still progressing 'according to the previously announced timeline.' Yara views CBAM as essential — CEO Svein Tore Holsether defended it as a necessary 'lever' to meet Paris Agreement goals and ensure European industrial policy, while CFO Ankarstrand noted that efforts to change CBAM 'seem to meet with resistance in many places,' including the European Parliament, and highlighted Yara's goal to 'harness carbon premiums.'

Yara sticks to timeline for $9B US blue ammonia plant decision

Apr 25, 2026

Yara International maintains its mid-2026 timeline for a $9 billion blue ammonia joint venture with Air Products in the US, citing favorable local gas prices. The company also defended the EU's Carbon Border Adjustment Mechanism amidst rising global fertilizer costs.

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