Yara International ASA has announced the acquisition of STRABAG SE’s flue gas cleaning division, a move that consolidates Yara’s position as a competitive global, full-service emissions-to-air control company.
Increasingly stringent air quality standards are driving companies to invest in emission control technologies, states Yara. With flue gas cleaning, Yara can provide an end-to-end service that includes the production of Selective Catalytic Reduction (SCR) and Selective Non-Catalytic Reduction (SNCR) systems to reduce Nitrogen Oxide (NOx) emissions, along with the reagents needed to operate them.
“Our acquisition of STRABAG’s flue gas cleaning division will increase our capacities in, and beyond, NOx control systems,” says Yves Bonte, senior VP and head of Yara’s Industrial Segment. “It will also give us access to great teams in key growth markets like Asia and Eastern Europe, where we can help customers meet increasingly stringent environmental regulations,” “We continue on our path towards being a global leader in environmental solutions.”
The STRABAG acquisition is part of Yara’s broader strategic direction to invest in products and services that address the related issues of environment, resources and food security. It follows Yara’s January, 2014 acquisition of H+H Umwelt-und-Industrietechnik GmbH, which primarily produces SCR systems to reduce Nitrogen Oxide (NOx) emissions on ships. In April this year, Yara also took a majority stake in Green Tech Marine, a leading Sulphur Oxide (SOx) scrubber supplier to the marine industry.
STRABAG, a leading company in the construction services industry, is selling its flue gas cleaning division in order to focus on its core construction services offerings while making sure that clients within the flue gas cleaning division are in the professional hands of experts in environmental solutions.