CF Industries, JERA, Mitsui Form $4 Billion JV To Build Low-Carbon Ammonia Plant In Louisiana

CF Industries Holdings, Inc. (NYSE:CF) on Tuesday inked a joint venture (JV) with Japanese energy company JERA Co., Inc. and global trading giant Mitsui & Co., Inc.

After JV formation, CF Industries will hold 40% ownership, JERA 35% ownership, and Mitsui 25% ownership in the company.

The joint venture will build an autothermal reforming (ATR) ammonia production facility at CF Industries' Blue Point Complex in Louisiana, including a CO₂ dehydration and compression unit to prepare captured emissions for transport and sequestration.

The project is estimated to cost around $4 billion, with funding shared among the partners based on their ownership stakes.

The facility is projected to have a nameplate capacity of approximately 1.4 million ...

https://www.benzinga.com/25/04/44721134/cf-industries-jera-mitsui-form-4b-jv-to-build-low-carbon-ammonia-plant-in-louisiana