CF Industries. Lotte Chemical explore JV over clean ammonia

CF Industries Holdings announced that it has entered into a memorandum of understanding with LOTTE CHEMICAL Corporation, South Korea’s leading chemical company, that will guide the companies in a joint exploration of clean ammonia production and long-term clean ammonia offtake into South Korea. The MOU establishes a framework for the companies to assess the joint development of and investment in a greenfield clean ammonia production facility in the U.S., including at CF Industries’ Blue Point Complex in Louisiana. The companies believe that the U.S. offers considerable advantages for clean ammonia production, including access to plentiful and low-cost natural gas, the regulatory and legal framework in place, and the geology suitable for permanent carbon sequestration. The prospective ammonia facility would leverage carbon capture and sequestration technologies to reduce CO2 emissions from the ammonia production process to a level that meets or exceeds South Korea’s clean ammonia requirements.