Yara to reallocate capital from abandoned $2.9-B Louisiana Clean Energy complex project
Yara International ASA announced it will not proceed with the acquisition of the ammonia assets in the Louisiana Clean Energy Complex (LCEC) from Air Products. Yara will reallocate capital to alternative mature U.S. ammonia investment opportunities with more competitive returns.
Yara will not proceed with acquisition of ammonia assets in LCEC. In December 2025, Air Products and Yara jointly announced the potential for Yara to acquire the LCEC’s ammonia production and distribution assets from Air Products, and for Air Products to own and operate the industrial gases production.
Today’s announcement to not move forward reflects that the project’s expected financial returns do not meet Yara’s investment criteria.
Yara confirms it is finalizing a marketing and distribution agreement with Air Products for renewable ammonia from the NEOM Green Hydrogen project in Saudi Arabia.
Capital reallocation to advanced alternative projects. Yara remains committed to value-accretive, disciplined investments that improve competitiveness and support long-term earnings expansion.
Yara will continue its strategy to strengthen its position on the ammonia cost curve and is actively advancing selected U.S. ammonia investment opportunities that are expected to deliver attractive and robust returns. Alternative opportunities are at an advanced stage of evaluation.
Yara reiterates its previously communicated capital allocation priorities, with the majority of growth capex for the period of 2026-2030 expected to be deployed into large-scale U.S. ammonia investment, demonstrating its commitment to deliver on its strategic priorities while maintaining the dividend policy and strict capital discipline with the overall objective to maximize long-term shareholder returns.
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