Yara is not a household name in the global gases business but is indeed a major player in the European CO2 business. There have been significant changes in Yara’s business in the past decade and the company has uniquely built up a successful CO2 business, while focusing on being fully integrated upstream into fertilisers.
Times are changing and so is the fertiliser business, with the availability of CO2 leading to a number of challenges for both Yara and peer group companies.
The CO2 market is experiencing different growth dynamics – especially across Europe – but the availability of liquid CO2 from traditional sources may decline and so new sources of CO2 are being sought. Jon Reutz is one person well placed to comment on the future of CO2 in Europe and how Yara will adopt and invest to maintain its No.1 producer status.
Establishing Yara
Firstly, we turn our attention to the company Yara International ASA. The new company was spun out of Norsk Hydro in 2004 from the former Hydro Agri, with the well known Viking ship as its logo and the new name Yara.
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