Industry experts conversation: Can food security and the energy transition go hand in hand?
Conversation between our Deputy CEO Lars Eirik Nicolaisen and President & CEO of YARA International, Svein Tore Holsether | Can food security and the energy transition go hand in hand?
Fertilizers are key in feeding and sustaining a growing global population. Approximately 50% of the food consumed on the planet comes from fertilizers. With ammonia being the feedstock in making nitrogen fertilizer and 70% of ammonia currently being produced using natural gas, there is a strong connection between the supply and pricing of energy and the cost of food. There is also further scope for reducing emissions from fertilizer production.
We were honored to host the CEO of YARA International, Svein Tore Holsether, as a special guest for this webinar. Mr. Holsether discussed food production in the energy transition context with Rystad Energy Deputy CEO Lars Eirik Nicolaisen.
Our senior experts explored the critical link between food resilience and robust energy security, exploring the correlation between natural gas and fertilizer prices and their impact on global food security. The webinar offers valuable insights into the complexities of balancing energy transition goals with the imperative of ensuring food security for all.