Yara to reduce ammonia production due to record high natural gas prices across Europe

Yara to reduce ammonia production due to record high natural gas prices across Europe

(PRESS RELEASE) OSLO, 17-Sep-2021 — /EuropaWire/ — Yara (OTCMKTS: YARIY), global crop nutrition leader, has announced it will reduce production of ammonia at a number of its plants due to record high natural gas prices in Europe, which are impacting ammonia production margins. Including optimization of on-going maintenance, Yara will by next week have curtailed around 40% of its European ammonia production capacity.

Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary.

Media contacts:

Silje Nygaard, Acting Head of Investor Relations
Mobile: (+47) 957 04 843
E-mail: silje.nygaard@yara.com

Josiane Kremer, Director External Communications
Mobile: (+47) 481 80 451
E-mail: josiane.kremer@yara.com

SOURCE: Yara International ASA

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