Yara, Enbridge Join Forces On Low-Carbon Blue Ammonia Project In Texas - Enbridge (NYSE:ENB), Yara International (OTC:YARIY)

Yara Clean Ammonia, a Yara International ASA YARIY company, and Enbridge Inc. ENB have signed a letter of intent to collaborate on the development and construction of a world-scale low-carbon blue ammonia production facility as equal partners.
Total project investment is expected to be $2.6 billion–$2.9 billion, with production start-up in 2027/2028.
The proposed facility will be located at the Enbridge Ingleside Energy Center (EIEC) near Corpus Christi, Texas, and will be capable of supplying low-carbon ammonia to meet growing global demand, with an expected capacity of 1.2–1.4 million tons per annum.
Additionally, Yara is expected to contract full offtake from the facility, which further enhances the strategic value and commercial viability of the project.
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Enbridge's Texas Eastern Transmission Pipeline is expected to provide the transportation service for feed gas that will be used for the production process.
Price Action: ENB shares closed higher by 0.67% at $38.09 on Thursday.