Brief: CF Industries Announces JV With Jera And Mitsui For Production And Offtake Of Low-Carbon Ammonia
08/04/2025 16:14
April 8 (Reuters) - CF Industries Holdings Inc CF.N: CF INDUSTRIES ANNOUNCES JOINT VENTURE WITH JERA CO., INC., AND MITSUI & CO., INC., FOR PRODUCTION AND OFFTAKE OF LOW-CARBON AMMONIA CF INDUSTRIES HOLDINGS INC -START-UP OF LOW-CARBON AMMONIA PRODUCTION EXPECTED TO BEGIN IN 2029 CF INDUSTRIES HOLDINGS-UPON FORMATION, CF INDUSTRIES WILL HOLD 40% OWNERSHIP, JERA 35% OWNERSHIP, AND MITSUI 25% OWNERSHIP IN JV CF INDUSTRIES HOLDINGS INC -ESTIMATED COST FOR AMMONIA PRODUCTION FACILITY IS APPROXIMATELY $4 BILLION CF INDUSTRIES: TO INVEST ABOUT $550 MILLION FOR FACILITIES & GET ONGOING SERVICES REVENUE FROM JV AMMONIA PRODUCTION FACILITY Source text: ID:nBw8MkgFBa Further company coverage: CF.N ((Reuters.Briefs@thomsonreuters.com;))