CF Industries Announces Joint Venture for Low-Carbon Ammonia Production

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announced a joint venture with JERA Co., Inc. and Mitsui & Co., Inc. to construct, produce, and offtake low-carbon ammonia at CF Industries' Blue Point Complex in Louisiana. The joint venture will create the world's largest low-carbon ammonia production facility with an annual capacity of 1.4 million metric tons. CF Industries will hold a 40% ownership stake, JERA 35%, and Mitsui 25%. The production facility, estimated to cost around $4 billion, is expected to start operations in 2029. CF Industries will manage the operations and maintenance of the facility. Additionally, CF Industries will invest $550 million in infrastructure to support the joint venture. The facility is designed to capture and sequester approximately 2.3 million metric tons of CO2 annually, qualifying for tax credits under Section 45Q of the Internal Revenue Code.

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About Cf Industries Holdings Inc.

Cf Industries Holdings Inc. is a leading manufacturer and distributor of nitrogen and other specialty fertilizers. The primary function of the company is to enhance the agricultural productivity of its customers, which include both farmers and agricultural communities globally. With its robust production capabilities, Cf Industries operates world-class manufacturing complexes primarily in the United States and Canada, ensuring a stable supply of nitrogen-based fertilizers, such as ammonia, urea, and urea ammonium nitrate. These products are vital to the agricultural sector, contributing significantly to crop yield improvements and global food production efficiency. Additionally, the company focuses on operational excellence and sustainability initiatives, aiming to reduce carbon emissions and energy consumption across its facilities. Cf Industries' strategic role in the agricultural supply chain underscores its importance in meeting the rising global demand for food amidst environmental and economic challenges. As such, the company is a key player in supporting sustainable agricultural practices and the advancement of food security worldwide.