Quick Facts

Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: Yara International ASA
The holder of the loan, grant, or other investment.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-11-04
Disclosure Date: 2016-08-18
Yara Corporate
IFC-38320

Project Description
Yara International ASA ("Yara" or the "company") is the world's largest producer of nitrogen fertilizers and nitrogen, phosphorus and potassium (NPK) fertilizer. Yara operates 24 production facilities in 15 countries and employs close to 13,000 people worldwide.Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while protecting the earth's resources, food and environment. The fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Yara`s industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredients in the production of a wide range of goods.The company is actively expanding its operations in emerging markets and has invited IFC to consider supporting its FY'15 - 17 capital investment programs in Africa and Latin America which is expected to benefit a large number of farmers, including small and medium sized enterprises.The majority of Yara's production sites are in Europe, and the remaining production is in Australia, Columbia, Trinidad, Canada, Brazil and Libya. The most important production process in Yara is natural gas based ammonia synthesis. Other nitrogen fertilizers are downstream production from ammonia. Besides production, Yara also operates warehouse/blending facilities and distribution networks in both Europe, the United States and emerging markets. IFC is considering a corporate loan to Yara so as to support the establishment of warehouse/blending facilities in Africa and Latin America; this includes a recently acquired facility in Zambia.Yara's largest production plant in Latin America is Yara Colombia S.A., and this facility was previously an IFC client (Abocol #26175) with main products being nitrogen fertilizers and NPK. This facility was originally owned by Abocol and IFC invested in the project in 2008; Yara then purchased this facility in in 2014.
Investment Description
Contact Information
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