Yara evaluates IPO for Yara Clean Ammonia

Yara aims to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy-intensive industries.

Yara International ASA today announced that it is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange.

Yara Clean Ammonia is uniquely positioned to enable the hydrogen economy in a market expected to grow substantially over the next decades.

Consistent with Yara’s ownership approach, the evaluation of a potential future listing is focused on attracting minority investors and reflects Yara’s strategic ambition to enable the hydrogen economy, where clean ammonia will play a crucial role within zero-emission shipping fuels, power generation, green fertilizer production and other industrial applications.

YCA was established as a separate segment and business unit in February 2021 to focus on clean ammonia, i.e. green and blue ammonia. Subsequently, Yara communicated that YCA would be set up as a separate legal entity and that Yara would maintain majority ownership. A potential IPO would raise capital to accelerate the growth of YCA, visualize the value of the business better and support increased management focus – for both YCA and Yara.

“The decision to evaluate a potential IPO of Yara Clean Ammonia represents a natural next step as Yara executes its strategy to broaden its business model. YCA remains core to Yara’s strategy and Yara will continue to provide long-term backing to YCA as its majority owner and preferred partner,” said Svein Tore Holsether, CEO and President of Yara. “As the world’s largest ammonia distributor – backed by own production assets and logistics infrastructure – Yara and YCA are uniquely positioned to capture value and take a leading position in the clean ammonia market.”

YCA is uniquely positioned to capture growth opportunities within clean ammonia production, transportation, and distribution.

Clean ammonia offers a solution to the decarbonization of hard-to-abate sectors, such as shipping, power generation and agriculture.

Zohaib Ali

Zohaib is the editor of H2 Bulletin. Please click on the email icon to contact me if you want to talk about a news.
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