CF Industries Forms Low-Carbon Ammonia Joint Venture with JERA and Mitsui

Reuters01-10
CF Industries Forms Low-Carbon Ammonia Joint Venture with JERA and Mitsui

CF Industries Holdings Inc. has announced the formation of a joint venture called Blue Point Number One, LLC, with JERA Co., Inc., Japan's largest energy company, and Mitsui & Co., Ltd., a leading global investment and trading company. The joint venture aims to focus on the construction, production, and offtake of low-carbon ammonia. CF Industries holds a 40% ownership stake in the venture, while JERA and Mitsui hold 35% and 25% stakes, respectively. An option previously held by JERA to reduce its ownership share below 35% has now expired and is no longer exercisable.

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