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Air1 and Dureal implement AdBlue price increase
The increase is due to the consistent rise in energy prices over the course of the past several years. 2007, alone, saw crude oil price increases of nearly $50 per barrel and gas oil prices also increased 40% in the same period. The levels of oil and natural gas prices have a direct impact on urea prices; it is high specification urea, which is the raw material for AdBlue.
John Arne Ulvan, Vice President for Environmental and Speciality Products at Yara, states, "As others, we are confronted by the rise of raw material costs. This is a market trend we cannot ignore. At Yara, we remain focused on the delivery of quality AdBlue to our Air1 and Dureal clients. Thanks to our unique supply chain from factory to customer, we can keep the increase down to a minimum".
Details of the new pricing structure are being communicated to customers on a country-by-country basis.
AdBlue is a high quality urea solution that is injected into the SCR (Selective Catalytic Reduction) catalyst on trucks enabling them to turn harmful emissions from diesel engines into harmless water vapor and nitrogen. It allows trucks to meet the more stringent European Union restrictions on exhaust gas emissions that came into effect in October 2006.
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