Yara and Wilhelmsen strengthen collaboration in maritime emissions reduction market

Yara and Wilhelmsen Maritime Services (WMS) have entered into a new
collaborative agreement on emissions to air in the marine sector. The agreement
establishes  direct collaboration and enables both companies to focus on core
strengths in reducing nitrogen oxides (NOx) emissions to air from commercial
vessels.

This agreement provides for Yara to take over ownership of Yarwil's NOx
abatement technology, for Selective Catalytic Reduction (SCR), and further
develop it for use in the marine emissions to air market. Wilhelmsen Maritime
Services  will continue as a distributor in the maritime market.

Successful business in growing market
"The market for this environmental technology is rapidly increasing and we
expect to see a steady growth with adoption of such systems by commercial
vessels. We look forward to continuing in a more direct way our close
cooperation with Wilhelmsen with regards to the nitrogen chemistry and
technology for maritime emissions abatement," said Yves Bonte, Head of Yara's
Industrial segment.

Dag Schjerven, president and CEO of Wilhelmsen Maritime Services explained the
background for the new collaboration: "Yarwil and the NOxCare Marine solution
have been successful, but the competitive environment in their main markets has
gotten steadily tougher, putting increasing pressure on prices and
profitability. A leaner supply model is therefore needed to counter this
development."

Further development
A lean and cost efficient global sales and distribution organization will be
established, building on Yara's existing sales and supply structure and
utilizing Wilhelmsen Maritime Services' worldwide network. Furthermore, Yara
will acquire the sulfur oxides (SOx) scrubber development project from Maritime
Protection, recently acquired by Wilhelmsen Technical Solutions. A commercial
agreement will be established, securing Wilhelmsen Technical Solutions the right
to sell the technology when it has become commercially available.

WMS and Yara entered the market in 2007 with the Yarwil joint venture, offering
NOx abatement solutions under the NOxCare brand. Yarwil and its employees will
be transferred to the two parent companies respectively.


For further information, please contact:

Yara International
Esben Tuman
Vice President Corporate Communications
Phone: +47 905 08 400
e-mail: esben.tuman@yara.com

Wilhelmsen Maritime Services
Tor Øiseth
Vice President, Business Development
Wilhelmsen Maritime Services
Telephone: Direct line: +47 6758 4239 | Mobile: +47 9507 0051
E-mail: tor.oiseth@wilhelmsen.com | Internet: www.wilhelmsen.com

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.
For further details, please visit www.yara.com

About Wilhelmsen Maritime Services:
Wilhelmsen Maritime Services is a Wilh. Wilhelmsen group company. It occupies a
leading position in the maritime service industry and works through three
business areas; Wilhelmsen Technical Solutions, Wilhelmsen Ship Management and
Wilhelmsen Ships Service offering shipyards, owners, charterers and management
companies a comprehensive range of engineered solutions, products and services
which significantly improve customers' operational efficiency.
For further details, see www.wilhelmsen.com/maritimeservices



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Source: Yara International ASA via Thomson Reuters ONE
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