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2014-04-07

Yara International ASA: Yara Expands Emission Business Acquiring Majority Stake in Green Tech Marine

Oslo (2014-04-07): Yara International will expand its emissions control
business by acquiring a majority 63% stake in Green Tech Marine (GTM), a
leading sulphur oxide (SOX) scrubber supplier to the marine industry.

We are excited to get the GTM team onboard. New International Maritime
Organization (IMO) regulations are being implemented, and combining GTM with
our existing Nitrogen Oxide (NOX) portfolio will help the maritime industry
cleanse their emissions and be compliant," says Yves Bonte, Senior Vice
President and head of Yara's Industrial Segment.
Within the next ten years, ships worldwide will need equipment to comply with
the latest IMO exhaust gas emission rules. Starting January 1st 2015,
SOXEmission Control Areas will be established in the North Sea, the Baltic
Sea, The North American Atlantic Coast and in the Caribbean. According to
the DNV "Future Development in Maritime Shipping" report, more than 15,000
ships are expected to be equipped with SOXscrubbers by 2020, representing a
potential market of roughly one billion euros. GTM, a subsidiary of Marine
Global Group, is an independent provider that has developed the smallest
footprint SOXscrubber that can be retrofitted into any seagoing vessel.
"The synergies we have with Yara on technology development and market reach
for maritime business, as well as their global reach, will allow us to take
this business a step further and establish ourselves as a leading player in
the global market," says Peter Strandberg, CEO of Green Tech Marine.

The GTM investment is Yara's third investment targeting leading technologies
on emissions to air. Adding leading technology to Yara's global reach and
delivery system positions Yara as a leader in the fast growing emissions
control business, now targeting the marine sector.

"In combining our existing portfolio of NOXtechnologies with SOXtechnologies,
as well as with related supply of nitrogen based chemicals and services, we
bring a unique total solution to the marine segment. This improves our
delivery of a profitable business solution to harmful emissions to air," says
Bonte.
Certified by Det Norske Veritas (DNV), the GTM technology is a single stream
technology which can be installed on ships instead of silencers. Easy to
retrofit, it also benefits from a small physical footprint, and has already
been selected by several companies, including Royal Caribbean Cruise Lines
and Norwegian Cruise Lines.

Sulphur oxides cause a wide variety of health and environmental impacts. With
asthma being the largest chronic disease of children in the Western world,
authorities are addressing this issue through legislation. By using GTM
scrubbers, ship owners can continue to operate on heavy fuel oil instead of
more costly marine gas oil, while staying below the strict IMO requirements
regarding sulphur emission.

About Yara:

Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for
the growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.

www.yara.com
About Green Tech Marine:

Green Tech Marine develops innovative and high-performance solutions within
environmental and energy-saving technology for the maritime and offshore
industries. Their offices are located in Norway and Sweden. Green Tech
Marine has many years of experience in the maritime industry as well as
first-hand experience at sea. Green Tech Marine's mission is to create
exhaust gas cleaning and energy saving solutions that not only benefit the
planet, but create significant financial rewards for clients.

www.greentechmarine.com
For further information, please contact:

Bernhard Stormyr, Director of Communications, Yara International ASA

Mobile: +47 90 10 76 85, e-mail:bernhard.stormyr@yara.com
Peter Strandberg, CEO, Green Tech Marine
Mobile: +47 901 39 336, e-mail:peter.strandberg@greentechmarine.com
The DNV report referred to in this Press Release is available atwww.norway.org

Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for
the growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries.
Safety is always our top priority.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Yara International ASA via Globenewswire

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