July 02, 2026 [Reuters]- Norwegian fertiliser maker Yara said on Thursday its subsidiary had ​agreed to buy Gulf Coast ‌Ammonia’s production plant in Texas from GCA Holdings LLC for $1.3 billion.

The deal follows ​Yara’s decision not to proceed ​with its acquisition of ammonia assets ⁠in the Louisiana Clean Energy ​Complex from Air Products in June.

• Yara ​will own the facility and Air Products will supply industrial gases to the company as ​part of a long-term supply ​agreement
• The plant has an expected nameplate capacity ‌of ⁠1.3 million tonnes per annum
• The acquisition raises Yara’s total capex outlay for 2026 to $2.5 billion
• “The plant is ​currently in ​commissioning ⁠and is anticipated to continue ramping up toward full ​production and stable operations ​by ⁠end of 2026 with production targeted at above nameplate capacity,” Yara said
• Ammonia ⁠is ​a key raw ​material used to make fertiliser