Yara North America opens US$30M NOLA Gateway Terminal in St. James Parish, Louisiana, to provide increased access of imported urea to agricultural markets via rail

TAMPA, Florida , September 30, 2011 (press release) – Yara North America Inc., a subsidiary of the world’s leading crop nutrition company, today celebrated the opening of its new NOLA Gateway Terminal in Convent, St. James Parish, La., located approximately 60 miles up the Mississippi River from New Orleans.

“North America is becoming more and more dependent on imported urea to satisfy a growing demand and a modern and efficient infrastructure is needed to support this. The opening of our NOLA terminal today shows our long-term commitment and growth ambition in the North American market”

With its opening, the fully operational terminal will provide increased access to imported urea to agricultural markets both locally and throughout the Midwest and Eastern US via rail. The terminal will also support Yara’s growing industrial segments, including its Air1® branded Diesel Exhaust Fluid (DEF).

“Yara North America is a leading provider of urea and our customers depend on our uninterrupted global supply chain to meet their needs. The establishment of a terminal in New Orleans, the primary import gateway of North America, is an important milestone in our distribution strategy and reaffirms our dedication to our customers to serve as a reliable partner,” said Bartolomeo Pescio, President of Yara North America.

Yara began construction on the 55,000 mt, state-of-the-art NOLA import fertilizer terminal and warehouse in 2008, which will be capable of accommodating bulk carrier vessels up to the Panamax size. The NOLA terminal will provide eleven permanent jobs and a number of service related functions which benefits the St. James Parish. The total investment volume is approximately US$30 million.

“North America is becoming more and more dependent on imported urea to satisfy a growing demand and a modern and efficient infrastructure is needed to support this. The opening of our NOLA terminal today shows our long-term commitment and growth ambition in the North American market,” Mr. Pescio said.

Stueve Construction Co., a recognized leader in the construction of fertilizer storage facilities, built the terminal. St. James Stevedoring Partners served as a very important partner throughout the process and will continue to support the terminal operations.

Yara North America, Inc. is a subsidiary of Yara International ASA, Oslo, Norway. Yara is a world leading chemical company that converts energy, natural minerals and nitrogen from the air into essential nutrition products for farmers and solutions for industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara’s global workforce of more than 7,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry.

For more information about Yara, please visit www.yara.us.


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