Article

Green Financing Sighted in Australia’s Ammonia Industry

Last month the Commonwealth Bank of Australia (CBA) announced that it has “signed an AUD $400 million [USD $256 million] three-year bilateral sustainability-linked loan” with Australian conglomerate Wesfarmers. This represents at least the second occasion on which an ammonia producer has linked its cost of capital to progress in meeting sustainability goals. In July 2019, Yara announced that it had signed a USD $1.1 billion revolving credit facility with a group of 13 lenders whose margin “will be adjusted based on Yara’s progress to meet its carbon intensity target by 2025.”

Article

The fertilizer industry is learning to love green ammonia

ANNUAL REVIEW 2019: Green ammonia is no longer a lonely venture for Yara, which used to appear alone among fertilizer producers in its desire to reduce carbon dioxide emissions from ammonia plants. While dozens of green ammonia demonstration projects and prototype technologies have been demonstrated in recent years, this progress was mostly achieved by energy companies and technology start-ups - and Yara. In the last year, however, fertilizer producers on five continents have begun feasibility studies, launched pilot demonstrations, or simply gone ahead and re-engineered their ammonia plants to replace fossil fuel inputs with renewable hydrogen.

Article

Green Financing Sighted in Australia’s Ammonia Industry

Last month the Commonwealth Bank of Australia (CBA) announced that it has “signed an AUD $400 million [USD $256 million] three-year bilateral sustainability-linked loan” with Australian conglomerate Wesfarmers. This represents at least the second occasion on which an ammonia producer has linked its cost of capital to progress in meeting sustainability goals. In July 2019, Yara announced that it had signed a USD $1.1 billion revolving credit facility with a group of 13 lenders whose margin “will be adjusted based on Yara’s progress to meet its carbon intensity target by 2025.”

Article

The fertilizer industry is learning to love green ammonia

ANNUAL REVIEW 2019: Green ammonia is no longer a lonely venture for Yara, which used to appear alone among fertilizer producers in its desire to reduce carbon dioxide emissions from ammonia plants. While dozens of green ammonia demonstration projects and prototype technologies have been demonstrated in recent years, this progress was mostly achieved by energy companies and technology start-ups - and Yara. In the last year, however, fertilizer producers on five continents have begun feasibility studies, launched pilot demonstrations, or simply gone ahead and re-engineered their ammonia plants to replace fossil fuel inputs with renewable hydrogen.