Clean Ammonia Transition @ Yara

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Clean AmmoniaTransition @ YaraAEA, November 19th 2020

Yara: Crop nutrition and clean ammonia for the future220 million 60People our productshelp to feedCountries we operate in20 millionHydrogenFarmers we work withAmong world’s largest hydrogenproducers870AmmoniaAgronomistson the groundLeading producer and trader1Owned and operated by external parties2

A history of transitions Use HESQ 360 reportingsystem Update datagathering process to bealigned with PRO energyreportingEstablished in 1905Yara produced greenammonia between 1927and 1991HistoryYara’s totalgreenhouse gasemissions halved byalmost eliminating N2OPast 15 yearsFurther improving onworld leadingperformance by CO2reduction targetPresentAmbition to becomeclimate neutral by 2050Future

Clean ammonia – a buidling block for decarbonizing food andshippingCO2ShippingFarm & FoodClimate

Renewable hydrogen production can eliminate CO2 emissions infertilizer and spur green ammonia as a dominant shipping fuelAmmoniaas Fuel andEnergy carrierNew valuechainElectrolysisGreen NH3/FertilizerStandard NH3/FertilizerRenewableenergy H2OHaber-BoschHydrogenSMRFossil fuelCO2Ammonia10 %HydrogenAmmoniaHaber-BoschCCSNitric acid &nitratefertilizerNitrateNitric acidUrea*Source: Yara International ASA, all rights reserved.5

Yara positioned for transition in the whole ammonia value chain Producer Exporter Fleet &storageImporter4 fully-owned ammonia export plants in Europe (export cap. 1 mln t)Yara JV ammonia export capacity 2,7 mil tYara Industrial Solutions truck/train logistics expertise Yara NH3 maritime transport capacity 200 kt (momentum) Own storage ammonia capacity 580 kt 18 marine ammonia terminalsWorld’s largest importer with total imports of 2 mln t / year (2019) Flexibility to produce or import ammonia Truly globalTruly international With own back-up supply system TraderTotal ammonia production including JV share 8 million tons / 26 unitsHigh level of know-how of Yara plants (1 unit now /- 5 yrs in contin. operation)Lower gas consumption compared to other producers, green & blue pipeline

Yara positioned for global clean ammonia transitionLow footprint greyammonia with potentialfor blue and green;terminal capacityLow footprint greyammonia with strongpotential for blue andgreen (Green Dealsupport); Extensiveterminal capacityTerminal capacityGrey ammonia withpotential for blue andgreen; terminal capacityfor Asia

NorwayAustralia / 10 MWNetherlands / 100 MWHydroSolarOff-shore windNEL tech pilotProject with EngieProject with OrstedPilot E public fundingArena public funding candidatePublic co-funding candidate8

Not a walk in the park for green and blue9

Not a walk in the park (bis)Source: ISPT, Public Report, GigaWatt Green Hydrogen part – State-of-the-art design and total installed capital cost (Nov 2020)10

Ready to jump of the cliffNeed for early support mechanisms,preferably “contracts for difference” typeNeed for common standards andcertification for blue and greenNeed for scale and load factors in cleanammoniaNeed for market creation in agriculture andshippingThe urea dilemma in the roadmap11

Stay tuned for Yara ESGInvestor Seminar onDecember 7th12

Renewable hydrogen production can eliminate CO2 emissions in fertilizer and spur green ammonia as a dominant shipping fuel 5 New value chain Ammonia as Fuel and Energy carrier Green NH3/ Fertilizer Renewable energy H2O Hydrogen Ammonia Nitric acid & nitrate fertilizer Electrolysis Haber-Bosch Source: Yara International ASA, all rights .

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