Yara – one of the world’s largest producers of nitrogen fertilizer producers – has secured partners to support its pursuit of ‘green ammonia,’ with an initial plan to produce 500,000 tons per year by electrifying its existing facility in Porsgrunn, Norway. On Thursday, Yara signed a letter of intent with Norwegian state-owned utility Statkraft, as well as investment firm Aker Horizons, with the aim of providing green ammonia to emerging markets for emission-free shipping fuel, carbon free fertilizer for agriculture and ammonia for industrial applications. “Provided that power is available at the site and the required public co-funding is in place, the project could be realized within 5-7 years,” Yara said in a statement. Through electrifying the Porsgrunn project in…