Yara International ASA plans to convert a plant in Norway to produce green ammonia in a bet the chemical will become a go-to fuel for emission-free shipping.
The world’s No. 1 ammonia maker is looking for state backing as well as partners to fully electrify its Porsgrunn plant in Norway using renewable power, the Oslo-based company said in a statement Monday. It sees demand for the chemical surging 60% over the next two decades.
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