Yara inks rare long-term deal for green ammonia

Oslo: Europe’s largest fertiliser maker, Yara International ASA, has agreed to buy ammonia made using solar power from India’s Acme Group in a deal that may spur activity in the fledgling renewable commodity.

The deal covers 100,000 tonnes a year in what may be the world’s first arm’s length contract for renewable ammonia of this scale, the companies said in a statement.