Yara International's US subsidiary agreed on 2 July to acquire Gulf Coast Ammonia's production facility in Texas City, Texas, for $1.3bn.
Why Yara International ASA is buying Gulf Coast Ammonia (Texas City plant)
Yara said the deal diversifies its energy exposure by adding US Henry Hub gas pricing and lowers fixed costs and capital per tonne. It will use its midstream ammonia platform to supply external customers and its own fertiliser plants, mirroring a similar set-up at Freeport, Texas.
“By bringing this plant into the Yara portfolio, we are strengthening our operational resilience and diversifying our energy costs at a time when supply flexibility matters more than ever.”
Deal terms and financing
The $1.3bn price covers the ammonia synthesis loop, storage and exclusive use of loading infrastructure. Air Products supplies hydrogen, nitrogen and other utilities under a long-term contract. Processing Magazine reported that the deal lifts Yara's 2026 capital spending to about $2.5bn.
Regulatory approvals and timing
Completion is subject to customary conditions including regulatory approvals; no closing had been announced by mid-October 2026.
Market context
The plant is in commissioning and expected to ramp up to stable operations by the end of 2026. The sale followed an auction run by J.P. Morgan for GCA Holdings.
