Yara, BASF abandon joint U.S. blue ammonia project

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BASF in Ludwigshafen

Philiphotographer/iStock Unreleased via Getty Images

Yara International (OTCPK:YARIY) and BASF (OTCQX:BASFY) rise in European trading Tuesday after the companies said they are discontinuing their project to develop a low-carbon ammonia production facility with carbon capture and storage on the U.S. Gulf Coast.

"This decision reflects

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