CF Industries, JERA Co., and Mitsui & Co., Ltd., Break Ground on Blue Point One, the World’s Largest Low-Carbon Ammonia Plant in Louisiana
U.S. Secretary of Agriculture Brooke Rollins, federal, state and local leaders attend the groundbreaking event, signifying America’s investment in ammonia production
Blue Point One, a joint venture between CF Industries Holdings, Inc. (NYSE: CF), the world’s largest producer of ammonia; JERA Co., Inc. (JERA), Japan’s largest energy company; and Mitsui & Co., Ltd. (Mitsui), a leading global investment and trading company, today broke ground in Modeste, Louisiana, on a low-carbon ammonia plant that can serve both traditional agricultural customers and emerging energy applications. The plant is expected to be the world’s largest ammonia plant upon completion, with a production capacity of 1.4 million metric tons per year. The event was attended by U.S. Secretary of Agriculture Brooke Rollins, U.S. Deputy Secretary of Agriculture Stephen Vaden, Assistant Secretary of the Army (Civil Works) Adam Telle, U.S. Representative Julia Letlow, and senior Louisiana state government and local officials.
Highlights of the project include:
$3.7 billion investment by Blue Point One joint venture members, with contributions allocated according to ownership levels. CF Industries holds 40% ownership, JERA 35% ownership, and Mitsui 25% ownership.
