Yara International has agreed to acquire the Gulf Coast Ammonia plant in Texas City, Texas, for $1.3 billion.
The deal, announced on July 2, marks a significant expansion of the Norwegian fertilizer producer's footprint in the United States and strengthens its supply chain for the Brazilian agricultural market.
The acquisition targets a key production asset in the Gulf Coast region, a hub for ammonia manufacturing due to its access to natural gas feedstocks and export infrastructure.
By securing this facility, Yara aims to bolster its ability to meet demand from Brazil, one of the world's largest importers of nitrogen fertilizers.
The move underscores the strategic importance of North American production capacity in serving South American agribusiness.
This development comes as global fertilizer markets navigate shifting supply dynamics and energy costs.