plan to invest up to $2.9-billion to build a low-carbon blue ammonia production plant in Texas, they said on Friday.
Yara, which already has a majority stake in a facility in Freeport further along the Gulf coast, is the latest European company to announce a major investment in the United States. “We’ve focused on the United States for two reasons and the first is low energy prices, naturally, and the other is that carbon capture is accessible at an attractive cost,” he told Reuters.
Source: Energy Industry News (energyindustrynews.net)
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