Reported Earlier, CF Industries And JERA Ink Joint Development Agreement To Develop Greenfield Low-Carbon Ammonia Production Capacity In The United States

Author: Benzinga Newsdesk | April 18, 2024 03:46am

The JDA will guide JERA and CF Industries' evaluation of a joint venture agreement to build an approximately 1.4 million metric ton capacity low-carbon ammonia plant. JERA is contemplating a 48% ownership stake in the project as well as an agreement to procure more than 500,000 metric tons of low-carbon ammonia annually to meet demand for low-carbon fuels in Japan. JERA and CF Industries previously had signed a memorandum of understanding to explore a potential joint project development and sales and purchase of low-carbon ammonia. JERA and CF Industries aim to reach a final investment decision on the proposed project within a year for commencing production in 2028.

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