Investors sought for 'green ammonia' plant upgrade in Norway

Norway's Yara International plans to convert a facility to produce green ammonia in a gamble that the chemical will become a preferred fuel for emission-free shipping.

Photo: Yara International ASA

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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