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HomePosts Tagged "yara"
Agribusiness, Agro chems – Fertilizers, Company News, Europe, Sustainability

The partnership that helps drive the adoption of regenerative agricultural practices will include approximately 1,000 farms, covering a total of around 128,000 hectares across the EU and the UK.

PepsiCo Europe and Yara announced today a long-term partnership in Europe aimed at providing farmers with crop nutrition programs to help decarbonize the food value chain.

As part of the partnership, which spans multiple countries, participating PepsiCo Europe farmers will be equipped with best-in-class crop nutrition products and advice as well as precision farming digital tools. This will allow them to increase nutrient use efficiency (NUE), boost yields and reduce the carbon footprint of their crops. Yara, the leading crop nutrition company in Europe, will supply PepsiCo with the products and services.

The partnership, which will help drive the adoption of regenerative agricultural practices, will include approximately 1,000 farms, covering a total of around 128,000 hectares across the European Union and the UK. Efforts will initially focus on potatoes, a key crop for PepsiCo, and then expand to other crops such as oats and corn. Fertilizers are the biggest opportunity to reduce emissions as fertilizer production and in-field emissions account for half of PepsiCo’s average potato carbon footprint in Europe.

This partnership will also further scale up sustainable nutrient management practices across the PepsiCo farmer groups. This will include full season crop and soil data capture and monitoring using PepsiCo’s CropTrak and ML Analytics tool, and will be complemented by Yara’s digital solutions offering, for example digital satellite imagery via the AtFarm platform and the MegaLab soil analysis.

Yara will deliver up to 165,000 tons of fertilizer per year to PepsiCo, covering around 25 per cent of their crop fertilizer needs in Europe by 2030. These fertilizers will be mostly Yara Climate Choice fertilizers, which include low-carbon footprint fertilizers produced from either renewable ammonia (Herøya, Norway) or low-carbon ammonia via carbon capture and storage (CCS), currently under construction in Yara Sluiskil. The mix will also include Yara’s standard premium nitrate-based mineral fertilizers produced using natural gas, which have a carbon footprint that is around 50% lower than most non-EU fertilizers thanks to the use of catalyst technology. The aim of the partnership is to upgrade to Yara Climate Choice fertilizers over time as production scales up and technologies mature so that all of the 165,000 p.a. tons are Yara Climate Choice fertilizers by 2030.

The collaboration underlines the companies’ shared commitment to building a more sustainable food system in line with the European Union’s climate targets. At the same time, it will support farmers through transition costs to ensure their livelihoods are not adversely impacted.

“This partnership with Yara aligns with our end-to-end transformation known as PepsiCo Positive (pep+) and will be critical as we transition towards the net-zero food system of the future. Targeting Scope 3 emissions is central to our pep+ agenda, but it can be one of the most challenging areas to directly influence. Providing our farmers with fertilizers that have a lower carbon footprint and supporting them to improve crop nutrition end-to-end will allow us to make a significant step towards our target of achieving net zero by 2040,” said Archana Jagannathan, Chief Sustainability Officer at PepsiCo Europe.

“To grow a nature-positive food future and transform our food system, we need to collaborate across the food value chain. We’re excited to work with first movers like PepsiCo to help make this a reality. Decarbonizing food production will be critical to delivering on the Paris Agreement – and farmers will play a key role in helping us get there,” said Mónica Andrés Enríquez, Executive Vice President for Europe at Yara.

The partnership that helps drive the adoption

Agribusiness, Agro chems – Fertilizers, Company News, Europe, Finance

Total deliveries up 12 per cent with European deliveries up 37 per cent from Q1 FY23.

Yara reported first-quarter EBITDA1 at USD 435 million compared to USD 487 million in first quarter 2023. Net income was USD 16 million (USD 0.07 per share) compared with USD 105 (USD 0.41 per share) a year earlier.

First-quarter 2024 highlights:

  • EBITDA1 down 11 per cent from 1Q23 mainly due to lower prices
  • Total deliveries up 12 per cent with European deliveries up 37 per cent from 1Q23
  • Reduced GHG emission intensity with implementation of key projects
  • Healthy demand growth and limited capacity additions indicate tightening supply-demand balance longer term

“This quarter’s results are down from same quarter last year as increased deliveries are offset by lower prices. Meanwhile, I am pleased to see that our efforts to decarbonize is yielding results. This is crucial to future-proof our business and be able to meet growing demand for low-carbon solutions”, said Svein Tore Holsether, President and Chief Executive Officer.

Despite strong urea supply in 2023, prices are generally demand-driven with positive production margins for even swing producers. With farmer incentives at normal levels and 10-year consumption growth trending at 1.9 per cent per annum, demand fundamentals are supportive for upcoming seasons. While the peak of new capacity additions is now behind us, urea supply is currently strong primarily due to increased production in India and China. However, industry consultant projections show significantly lower supply growth from 2024 onwards. Combined with strong demand fundamentals, this indicates a tightening supply-demand balance longer term.

“Total nitrogen imports to Europe are declining as European production is ramping up. However, Russian urea imports to Europe reached an all-time high last season and currently account for almost one third of total urea imports to the EU. While raw material sanctions and price pressure is taking a double toll on European industry, Russia is gaining market influence. That not only endangers European industry and the green transition, but it also makes European food production more vulnerable,” said Holsether.

The energy transition, climate crisis, and food security remain top priorities globally. With its leading food solutions and ammonia positions, Yara is uniquely positioned to drive these transformations. Yara’s strategy is focused on further strengthening operational resilience and flexibility, and profitable growth in low-carbon solutions. This will support the transformation of the global food system, generate long-term growth opportunities, and drive progress towards Yara’s ambition of growing a nature-positive food future.

Total deliveries up 12 per cent with

Agro chems – Fertilizers, Agrotech, Company News, Machinery - Pre-harvesting, World

John Deere Operations Center™ and Yara’s Atfarm digital platform will provide farmers with tailored crop nutrition recommendations rooted in agronomic precision to ensure crops receive the right amount of nutrients.

 John Deere and Yara have joined forces to launch a partnership that will combine Yara’s agronomic expertise with John Deere’s precision technology and advanced machinery. The partnership will enable farmers to increase yields and optimize fertilizer use, helping them contribute to the ambition of the European Union’s Farm to Fork Strategy.

To be able to produce more efficiently and sustainably, farmers need high-quality, actionable data and the technology to put these insights into practice. This is where digital farming will play a big role in helping farmers optimize the productivity of their fields. To further this vision, the advanced connectivity between the John Deere Operations Center™ and Yara’s Atfarm digital platform will provide farmers with tailored crop nutrition recommendations rooted in agronomic precision to ensure crops receive the right amount of nutrients where and when needed.

Partnering to make every nutrient count

The Atfarm platform uses Yara’s proprietary optimized index, which enables farmers to monitor the biomass development of their crops and nitrogen uptake throughout the season and access field specific variable rate application maps. This data can be seamlessly shared as a WorkPlan with the John Deere Operations Center™. Farmers can add operational details and wirelessly synchronize the plans, including prescriptions, to any machine featuring the John Deere Gen4 or G5 Display.

As executing variable rate maps is often perceived as complicated, this John Deere Yara solution makes it much easier, supporting farmers in producing more yield with less input. Through Yara’s agronomic advice, trials show that farmers can achieve up to seven percent yield increase while securing up to 14 percent Nitrogen savings in fertilizer use.

The new connectivity will be piloted from spring 2024 to a group of farmers in Germany, France, and the UK. In addition, Yara and John Deere will continue to collaborate on additional opportunities to further improve nutrient use efficiency for farmers.

Unique combination of expertise

“Achieving the ambitious goal of the Farm to Fork Strategy to reduce nutrient losses by 50% in 2030 requires the industry to work together. Through partnering with John Deere, farmers will be able to use our recommendations in an easy, practical way. This contributes to more sustainable food production without adding complexity for farmers,” says James Craske, VP Digital Solutions Europe at Yara International.

Katharina Nies, Marketing Manager Precision Ag at John Deere highlights: “For Small Grain Producers, crop nutrition is one of the largest opportunities for optimization. We are excited to partner with Yara, as this is a unique combination of science-based fertilization recommendations together with John Deere’s connected, highly precise & intelligent machines. With that farmers can achieve highest levels of nutrient use efficiency.”

John Deere Operations Center™ and Yara’s Atfarm

Agro chems – Chemicals, Company News, World

The companies plan to complete the feasibility study on the low-carbon blue ammonia production facility by the end of 2023

BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. The companies are looking into the feasibility of a plant with a total capacity of 1.2 to 1.4 million tons p.a. to serve the growing global demand for low-carbon ammonia.

“Yara and BASF have successfully collaborated in the past and we are pleased to explore a new clean ammonia project together. In line with Yara Clean Ammonia’s strategy, we are working systematically to develop asset-backed supply to decarbonize agriculture as well as serving new clean ammonia segments such as shipping fuel, power production and ammonia as a hydrogen carrier,” said Magnus Krogh Ankarstrand, President of Yara Clean Ammonia.

Approximately 95 per cent of the carbon dioxide (CO2) generated from the production process is aimed to be captured and permanently stored in the ground. This would allow Yara to serve its customers with clean ammonia with a significantly reduced product carbon footprint. For BASF, the new plant would act as backward integration to serve the company’s demand for low-carbon ammonia and would lower the carbon footprint of its ammonia-based products.

“This project underlines BASF’s commitment to drive the sustainable transformation of the chemical industry. Our existing Verbund sites in the region with integrated material flows and advanced infrastructure would be ideally suited for the integration of a new world-scale ammonia facility that has the potential to significantly improve the carbon footprint of both our own operations and the various industries we serve,” said Dr Ramkumar Dhruva, President Monomers Division, BASF.

BASF and Yara are long-standing collaboration partners and successfully operating a joint world-scale ammonia plant at BASF’s site in Freeport, Texas. The companies plan to complete the feasibility study on the low-carbon blue ammonia production facility by the end of 2023.

The companies plan to complete the feasibility

Agro chems – Fertilizers, Agrotech, Company News, Europe, Sustainability

Green fertilisers, made with renewable electricity instead of natural gas, will significantly reduce the carbon footprint of farming and food

Norway-based Yara has signed a memorandum of understanding with El Parque Papas to deliver green fertiliser in 2023. The fossil-free, green fertilisers Yara will start producing next year will significantly reduce the carbon footprint of farming and food because they will be made with renewable electricity instead of natural gas. Using Yara´s green fertilisers for potato production will remove around 28.8 percent of greenhouse gas emissions at the farm level. For potato chips specifically, using green fertiliser will reduce the carbon footprint by around 5-10 per cent.

Yara was the first company in the world to land a commercial agreement to sell fertilisers made with 100 per cent renewable electricity and is one of the pioneers driving the introduction of green fertilizer to the world market. By choosing green fertilisers from Yara, food producers can lower their carbon emissions, which is required to reach the UN sustainability goals and Paris agreement. The production startup is planned to start up in the summer of 2023.

“Mass production of potato chips is actually a very complex operation involving many elements. My mission is to introduce a completely green, emission free potato in 2024. To do that, every company in the supply chain must take climate action. Collaboration is the only way to ensure that the end product is climate neutral. A farmer can only do so much. Yara helps us make the last piece of the puzzle emissions free – the fertilizer itself”, said Walter Hernández, CEO of El Parque Papas.

El Parque Papas is the biggest singular potato farmer in Argentina. Led by Walter Hernández, they supply 14,000 metric tons of potatoes every year to the Argentinian potato industry, including production of some of the most popular chips in the country.

Svein Tore Holsether, CEO of Yara said, “Most people probably don’t think about emissions when eating their chips. But there are huge opportunities to decarbonize snacks, if we find business models that enable each step of the value chain to contribute and to benefit. This is why the agreement between Yara and El Parque papas is important, we show that this can be done.”

Green fertilisers, made with renewable electricity instead

Environment, Finance, World

The first-quarter EBITDA excl. special items was posted at $1,346 million

Leading crop nutrition company Yara has posted first-quarter operating income of $1,039 million compared with $322 million a year earlier.

The first-quarter EBITDA excl. special items was posted at $1,346 million, compared with $585 million a year earlier. Net income attributable to shareholders of the parent was $944 million ($3.71 per share) compared with $13 million ($0.05 per share) a year earlier.

Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations within both agriculture and the hydrogen economy. Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from these challenges.

The first-quarter EBITDA excl. special items was