Current news & events

Press Release  - November 16, 2011
  

Yara acquires environmental technology leader Petro Miljö

(Oslo/Göteborg, 19th October 2011) – Yara International and Petrokraft AB today announced that Yara Sverige AB has acquired Petro Miljö AB, a fully owned subsidiary of Petrokraft AB. Petro Miljö is a leader in Selective Non Catalytic Reduction (SNCR), a technology for reducing nitrogen oxides  NO_x emissions from industrial plants. 

Yara and Petro Miljö started cooperating in 2007 to promote and install the most suitable technology for NOx abatement using SNCR, combining Yara’s knowledge of nitrogen chemicals with Petro Miljö’s experience of combustion processes.

The acquisition will allow Yara to offer a complete solution, ranging from designing and building the SNCR system and its storage facilities, to supplying the right reagent and advising on chemical storage and handling. The already proven SNCR technology reduces nitrogen oxides emissions in some cases by up to 90 per cent, turning them into harmless nitrogen and water. Petro Miljö has to date equipped more than 180 combustion lines around the world with its SNCR system.

 “Yara aims to provide the best clean air solutions for industrial segments so we are thrilled to have Petro Miljö joining the Yara corporate family” said Yves Bonte, Head of the Industrial Segment at Yara International. “By integrating Petro Miljö’s technical expertise with Yara’s know-how, we will be better positioned to serve the increasing number of industrial facilities that need to treat their nitrogen oxides emissions in an optimal way.”

”Petro Miljö is and has been driven by the regulatory demand for emissions reductions. It has been successful in European markets, which were some of the first to introduce such legislation” says Roger Karlsson President of Petrokraft AB. “These regulations are now being implemented globally, and given Yara’s global presence, Yara has the resources and knowledge to help Petro Miljö to continue and sustain its growth”.

Nitrogen oxides  cause health problems and typical local pollution such as smog and acid rain. With asthma being the largest children chronic disease according to the WHO, authorities are addressing this issue through legislation. In combination with the Selective Non Catalytic Reduction technology, nitrogen oxides  abatement chemicals can achieve high emission reduction, in some cases up to 90% emission reduction.

The acquisition means that all Petro Miljö employees and assets are transferred to Yara Sverige AB.

For further information, please contact:
Esben Tuman, Vice President Corporate Communications, Yara International ASA,
Mobile: +47 905 08 400, email: esben.tuman@yara.com

Roger Karlsson, President, Petrokraft AB
Mobile: + 46 704 204 956, email: r.karlsson@petrokraft.se

About Yara International
Yara International ASA is the world's leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that prevent air pollution. Yara's global workforce of 7,300 employees represents the great diversity and knowledge that enables Yara to remain a leading performer in the industry.
www.yara.com

About Petrokraft
Petrokraft with head office in Gothenburg has since its establishment in 1964, been active in developing and supplying heavy fuel oil burners for a wide range of applications. Today the focus is on modern environmental energy systems based on wood power combustion. Customer groups include power companies, county councils, ship-owners and various industries, whilst applications range from power plant furnaces to district heating stations. In 1992 a fully owned subsidiary, Petro Miljö AB, was established. It has further developed the SNCR-process in order to reduce nitrogen oxide NO_x emission.
www.petrokraft.com