Potential offtaker

Yara International ASA

www.yara.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Yara International ASA is a Norwegian company that operates in the Nitrogenous Fertilizers sector. It is a global leader in the production and distribution of nitrogen-based fertilizers, which are essential for increasing agricultural productivity and ensuring food security. Yara's products are used by farmers in over 160 countries to grow crops such as wheat, corn, and rice.

Yara has a strong commitment to sustainability and is actively involved in efforts to decarbonize the global economy. The company recognizes that agriculture is a significant contributor to greenhouse gas emissions and is working to reduce its own carbon footprint while also helping farmers to adopt more sustainable practices.

One of Yara's key initiatives in this area is its corporate energy program, which aims to reduce the company's energy consumption and increase the use of renewable energy sources. Yara has set a target of reducing its greenhouse gas emissions by 30% by 2030, and its corporate energy program is a critical part of achieving this goal.

As part of its corporate energy program, Yara has implemented a number of measures to increase energy efficiency and reduce energy consumption. These include the installation of energy-efficient lighting and HVAC systems in its facilities, the use of energy-efficient equipment and processes in its production processes, and the implementation of energy management systems to monitor and optimize energy use.

Yara is also investing in renewable energy sources as part of its corporate energy program. The company has signed several corporate power purchase agreements (PPAs) with wind and solar energy providers, which allow it to purchase renewable energy at a fixed price over a long-term period. These PPAs not only help Yara to reduce its carbon footprint but also provide a stable and predictable source of energy for its operations.

In addition to its corporate energy program, Yara is also actively involved in efforts to promote renewable energy and decarbonization more broadly. The company is a member of several industry groups and initiatives focused on sustainability, including the Renewable Energy Buyers Alliance and the Climate Group's RE100 initiative.

Yara is also investing in research and development to develop new technologies and products that can help farmers to reduce their greenhouse gas emissions and adopt more sustainable practices. For example, the company is developing new fertilizers that are more efficient and require less energy to produce, as well as digital tools that can help farmers to optimize their fertilizer use and reduce waste.

Overall, Yara International ASA is a leading player in the Nitrogenous Fertilizers sector with a strong commitment to sustainability and decarbonization. Its corporate energy program, corporate PPAs, and investments in renewable energy and research and development are all critical components of its efforts to reduce its carbon footprint and promote more sustainable agriculture practices.

✓ Science Based Targets member
✓ Declared Net Zero commitment