Germany's Sud-Chemie signs $40m catalyst supply deal with Yara

10 January 2011 10:18  [Source: ICIS news]

LONDON (ICIS)--Sud-Chemie has signed a $40m (€31m) agreement with fertilizer producer Yara to supply it with catalysts for the production of ammonia, the German specialty chemicals company said on Monday.

The five-year deal would also meet more than 50% of the needs of Qatar Fertiliser Company (Qafco), a joint venture in which Norway’s Yara holds a 25% stake.

Sud-Chemie board member Hans-Joachim Muller said: “This will further strengthen Sud-Chemie’s position as the world’s leading supplier of syngas catalysts for multiple applications in the chemical industry.

“We will work hard to satisfy Yara’s needs by providing our high performance syngas catalysts in order to ensure maximum efficiency in our customer’s processes for fertilizers and fertilizer intermediates production.”

Under the agreement, Sud-Chemie would develop, produce and deliver all front-end catalysts for the production of ammonia, as well as applied technical support.

The $40m would be generated over the five-year framework agreement, the company said in a statement.

($1 = €0.78)

To discuss issues facing the chemical industry go to ICIS connect

By: Graeme Paterson
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly