Core Viewpoint - BASF and Yara International announced the termination of their low-carbon ammonia project in the U.S. Gulf Coast, citing a shift in focus towards projects with higher value potential [1] Group 1: Project Termination - The joint research for a world-class low-carbon blue ammonia production facility was initially announced in June 2023, with a designed annual capacity of 1.2 to 1.4 million tons and plans to capture and sequester approximately 95% of production emissions [1] - The decision to abandon the project is attributed to the current financing difficulties in the low-carbon ammonia market and uncertainties in U.S. and European policies [1] Group 2: Market Conditions - The low-carbon ammonia market is facing investment challenges, with a total of 530 tracked low-carbon ammonia projects, but very few have reached final investment decisions, totaling an annual capacity of about 6.8 million tons, which includes approximately 4.2 million tons of blue ammonia and 2.6 million tons of green ammonia [1] - The uncertainties surrounding the Clean Hydrogen Production Tax Credit under the Inflation Reduction Act and the phased implementation of the EU Carbon Border Adjustment Mechanism (CBAM) are contributing to delays in the low-carbon ammonia market [1] Group 3: Ongoing Operations - BASF and Yara continue to operate their ammonia production facilities, including a world-class ammonia plant in Freeport, Texas, and BASF's production sites in Ludwigshafen, Germany, and Antwerp, Belgium [2] - Yara operates the largest ammonia system globally, with production bases in Europe, the Americas, and Asia [2]