$2 billion Blue Ammonia Plant coming to Ascension Parish

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CF Industries partnering with South Korea firm on $2 billion ‘blue’ ammonia project in Ascension



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CF Industries is partnering with LOTTE Chemical Corp. to potentially co-develop “blue” ammonia at a previously announced $2 billion project in Ascension Parish and ship it to South Korea.

The two sides have signed a memorandum of understanding to assess whether they should develop a “blue” ammonia production facility in the U.S., likely in Ascension Parish. The ammonia developed through this venture would head to the South Korea market, where LOTTE Chemical is headquartered.

CF Industries has already signed a deal with Mitsui & Co. of Japan to develop the $2 billion “Blue Point” facility. Federal filings show CF Industries bought land for the project on the west bank of the Mississippi River in Ascension Parish in the third quarter of 2022.

CF Industries has begun a front-end engineering and design, or FEED, study for the project, and it expects to make a final investment decision on the project in the second half of 2023 with a roughly four-year construction timeline, according to filings with the Securities and Exchange Commission.

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“In order to bolster the domestic hydrogen economy, it is important to secure a stable supply of clean hydrogen and ammonia, especially in overseas regions with abundant energy and low geopolitical risks,” Jin-koo Hwang, head of hydrogen energy business at LOTTE, said in a statement.

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