During the World Economic Forum in Davos, the president of Colombia Gustavo Petro will hold a meeting with Svein Thore Holsether, CEO of Yara. At the meeting, investments will be evaluated to increase the production of fertilizers in Colombia.
A delegation of Yara International, including Americaswill be discussing at the 2023 World Economic Forum in Davos (Switzerland) about how to deal with the impending energy and food crisis.
The company’s delegation is made up of the CEO Svein Thore Holsether; Monica Andres EnriquezExecutive Vice President for Europe; Chrystel Monthean, executive vice president for the Americas; Y Fernanda LopesExecutive Vice President for Asia and Africa.
As part of the schedule, Yara’s CEO will hold high-level meetings with food companies and trustees, as President Gustavo Petrowith whom investments that seek to increase the production of fertilizers in Colombia will be evaluated.
The meeting takes place this Friday, January 20, within the framework of the Davos Forum. According to the company, the contribution of technology for crop nutrition is one of its main challenges in order to contribute to the sustainable growth of the country’s farmers.
With the combined impact of socio-economic challenges, geopolitical uncertainty and the climate crisis, a call for cooperation is needed more than ever. (Read: The situation of the increase in the price of fertilizers in Colombia and Latin America is worrying)
Yara works with millions of producers around the world to support the transition to regenerative agriculture, improve soil quality and increase nutrient use efficiency. At the same time, it is spearheading the transition to the hydrogen economy through the development of green fertilizers.
This is why at the 2023 World Economic Forum in Davos, Yara International will be actively promoting cooperation with decision makers from the public and private sectors. (Interview: Urea is not the only nitrogen that can be used in crops)
Topics to be discussed by the delegation include:
- How to collaboratively solve the food crisis in the short term and, at the same time, transform and decarbonise the food system.
- How to collaboratively solve the energy crisis in the short term and, at the same time, enable the energy transition by accelerating investments in renewable energy.
- It’s not just about innovating with technological discoveries, it’s also about implement existing solutions.
It should be remembered that the Yara company confirmed in November 2022 that for its Cartagena plant, in Mamonal, they are evaluating two projects to increase their production capacity and to reduce greenhouse gas emissions in their processes.
The first project has to do with the increase in the production of fertilizers. This is 80 thousand tons more of NPK (types of fertilizers) with which the plant will have the capacity to produce around 500,000 tons of products per year, revealed Pedro Parenti, Yara’s leader for Latin Americaa The universal.
Nowadays, the plant produces 300 thousand tons of NPK and 100 thousand tons of calcium nitrate, plus ammonia and other intermediate products and raw materials. (Read: The situation of the increase in the price of fertilizers in Colombia and Latin America is worrying)
In Colombia, most fertilizers are imported and that is why Yara has thought about the expansion project that would represent a contribution of 5% of more products than what is consumed nationally and reduce dependence on imported ones. Yara has had a presence in Colombia for more than 30 years.
