Reported Earlier, CF Industries And JERA Ink Joint Development Agreement To Develop Greenfield Low-Carbon Ammonia Production Capacity In The United States
Portfolio Pulse from Benzinga Newsdesk
CF Industries and JERA have signed a Joint Development Agreement (JDA) to evaluate building a low-carbon ammonia plant in the U.S. with a capacity of 1.4 million metric tons. JERA is considering a 48% stake in the project and plans to procure over 500,000 metric tons of low-carbon ammonia annually for Japan's low-carbon fuel needs. The companies aim for a final investment decision within a year, targeting production start in 2028.
April 18, 2024 | 7:46 am
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CF Industries has entered into a JDA with JERA to potentially develop a low-carbon ammonia production facility in the U.S., aiming for a decision within a year.
The partnership with JERA to develop a low-carbon ammonia plant could significantly enhance CF Industries' position in the green energy sector, potentially increasing its market share and opening new revenue streams. The commitment to a large-scale project reflects positively on CF's strategic direction towards sustainability and low-carbon products, likely appealing to investors interested in green energy and sustainability. However, the final impact on the stock price will depend on the final investment decision and the project's progress towards its 2028 production goal.
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