Yara to build new global plant for specialty fertilizers and biostimulants

The new plant will allow Yara to increase its footprint in this specialty crop nutrition business, one of the fastest growing markets in agriculture. Sales of YaraVita specialty crop nutrition products and biostimulants have grown fivefold in the last 20 years. These products are formulated to meet the specific needs of crops throughout the growing season and to help them increase their resilience to climate change.

The plant which will be built close to the company’s existing site in Yorkshire, UK, will allow Yara to double the capacity of its YaraVita products when the facility is expected to be operational by the end of 2025 and further expand production capacity if needed. Virtually all the output from the plant will be exported to markets around the world.

Mónica Andrés Enríquez, Executive Vice President for Europe at Yara International, said: “Our specialty crop nutrition products help farmers increase yields and quality without increasing land use. That not only benefits farmers but is also good for the planet.”

Enríquez added: “It is no wonder that this market is growing exponentially. Amid today’s food security and climate change challenges, it’s more important than ever to feed the world with nutritious food while also protecting the planet.”

The market for global specialty fertilizers is projected to grow at compounded annual growth rate (CAGR) of 6.8% between 2022 and 2027, according to MarketsandMarkets. The CAGR for biostimulants is growing at an even higher rate – more than 12% – DunhamTrimmer estimates, referring to the period from 2018 to 2030.

Just like humans, plants need all essential nutrients to thrive. Specialty nutrients provided by foliar fertilizers (applied to the leaf or fruit) are just as vital for crop growth and quality as nutrients applied to the soil via traditional mineral fertilizers. Biostimulants for plants are just like taking vitamins for humans. This helps the plants adapt better to climate change and improve nutrient use efficiency.

Rejane Souza, Senior Vice President of Global Innovation at Yara International, said: “If one nutrient is lacking or under stress, crop growth, yield and quality can be reduced. Specialty crop nutrition products are complementary to traditional mineral fertilizers and are crucial for achieving balanced crop nutrition. Although only needed in small amounts, they can make a big difference for farmers and are critical to ensure a lower carbon footprint for food production by increasing yield per unit of land.”

Around 3000 trials have been conducted to test the quality of YaraVita products. The trials have resulted in higher yields, typically increasing by 3% to 8% and as much as 30%. Higher yields and improved crop quality increase farmers’ profitability and return on investment.

Read the article online at: https://www.worldfertilizer.com/environment/24052023/yara-to-build-new-global-plant-for-specialty-fertilizers-and-biostimulants/