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Yara Promotes Hydrogen Economy With New Ammonia Import Terminal
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Yara International ASA (YARIY - Free Report) recently unveiled its new ammonia import terminal in Brunsbuttel, Germany. Brunsbuttel, positioned on the North Sea and the Kiel Canal, is an ideal hub for enabling the country’s hydrogen economy. Yara has the infrastructure in place to allow for the yearly import of up to 3 million tons of low-emission ammonia into Europe owing to the new terminal.
Yara opened its new ammonia import terminal in Brunsbuttel in the presence of German and Norwegian officials. The terminal is part of Yara's plan to bolster its core nitrogen business while driving value-accretive growth in a low-carbon future. Yara Clean Ammonia is in a strong position to secure a low-emission ammonia supply to Germany at competitive costs. With its global ammonia leadership, Yara can help jumpstart the German hydrogen economy and lay the groundwork for a net zero future. Up to 3 million tons of low-CO2 ammonia can be imported via the new terminal in Brunsbuttel annually, corresponding to 530,000 tons of hydrogen, or around 5% of the overall European hydrogen target for 2030.
Yara's new terminal will help to enable the German hydrogen strategy and contribute to the country's energy transition. The ammonia can be transported directly from the terminal to the site of consumption, where it can be converted into low-emission hydrogen. The competitiveness of German industry, particularly steel and chemicals, can only be sustained by decarbonization. This can be accomplished by cracking low-emission ammonia into hydrogen, which will require a substantial amount of ammonia.
Low-emission ammonia is produced using electrolysis with renewable electricity or carbon capture and storage. Low-emission ammonia offers significant characteristics that make it appealing as a decarbonization product in difficult-to-abate industries. This comprises conventional ammonia uses such as fertilizers, as well as new applications such as low-emission transportation fuel, refinery emission reductions, power generation and hydrogen transporter.
Shares of YARIY have lost 9.7% over the past year compared with an 11.2% decline of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
YARIY currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , IAMGOLD Corporation (IAG - Free Report) and Centrus Energy Corp. (LEU - Free Report) .
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 135.9% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for IAG’s current-year earnings is pegged at 49 cents, indicating a year-over-year rise of 444.4%. The Zacks Consensus Estimate for IAG's current-year earnings has been going up in the past 30 days. IAG, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 200%. The company's shares have rallied roughly 148.3% in the past year.
The Zacks Consensus Estimate for Centrus’ current-year earnings is pegged at $3.06 per share. LEU, a Zacks Rank #1 stock, beat the consensus estimate in three of the last four quarters while missed once, with the average earnings surprise being 107.1%. LEU has rallied around 24.9% in the past year.
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Yara Promotes Hydrogen Economy With New Ammonia Import Terminal
Yara International ASA (YARIY - Free Report) recently unveiled its new ammonia import terminal in Brunsbuttel, Germany. Brunsbuttel, positioned on the North Sea and the Kiel Canal, is an ideal hub for enabling the country’s hydrogen economy. Yara has the infrastructure in place to allow for the yearly import of up to 3 million tons of low-emission ammonia into Europe owing to the new terminal.
Yara opened its new ammonia import terminal in Brunsbuttel in the presence of German and Norwegian officials. The terminal is part of Yara's plan to bolster its core nitrogen business while driving value-accretive growth in a low-carbon future. Yara Clean Ammonia is in a strong position to secure a low-emission ammonia supply to Germany at competitive costs. With its global ammonia leadership, Yara can help jumpstart the German hydrogen economy and lay the groundwork for a net zero future. Up to 3 million tons of low-CO2 ammonia can be imported via the new terminal in Brunsbuttel annually, corresponding to 530,000 tons of hydrogen, or around 5% of the overall European hydrogen target for 2030.
Yara's new terminal will help to enable the German hydrogen strategy and contribute to the country's energy transition. The ammonia can be transported directly from the terminal to the site of consumption, where it can be converted into low-emission hydrogen. The competitiveness of German industry, particularly steel and chemicals, can only be sustained by decarbonization. This can be accomplished by cracking low-emission ammonia into hydrogen, which will require a substantial amount of ammonia.
Low-emission ammonia is produced using electrolysis with renewable electricity or carbon capture and storage. Low-emission ammonia offers significant characteristics that make it appealing as a decarbonization product in difficult-to-abate industries. This comprises conventional ammonia uses such as fertilizers, as well as new applications such as low-emission transportation fuel, refinery emission reductions, power generation and hydrogen transporter.
Shares of YARIY have lost 9.7% over the past year compared with an 11.2% decline of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
YARIY currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (CRS - Free Report) , IAMGOLD Corporation (IAG - Free Report) and Centrus Energy Corp. (LEU - Free Report) .
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 135.9% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for IAG’s current-year earnings is pegged at 49 cents, indicating a year-over-year rise of 444.4%. The Zacks Consensus Estimate for IAG's current-year earnings has been going up in the past 30 days. IAG, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 200%. The company's shares have rallied roughly 148.3% in the past year.
The Zacks Consensus Estimate for Centrus’ current-year earnings is pegged at $3.06 per share. LEU, a Zacks Rank #1 stock, beat the consensus estimate in three of the last four quarters while missed once, with the average earnings surprise being 107.1%. LEU has rallied around 24.9% in the past year.