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Yara, BASF to locate joint ammonia plant in Texas

OSLO, May 8 (Reuters) - Norwegian fertiliser firm Yara and German chemicals group BASF decided to build their joint ammonia plant at BASF's existing site in Freeport, Texas, Yara said in a statement on Thursday.

The proposed plant would have an annual capacity of 750,000 metric tonnes and be based on a hydrogen-synthesis process.

Further details of the planned joint venture, still awaiting board approvals at both firms, are still under discussion, Yara said.

(Reporting by Balazs Koranyi)