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Stock impact report

CF Industries (CF), JERA Execute Joint Development Agreement [Yahoo! Finance]

CF Industries Holdings, Inc. (CF) 
Last cf industries holdings, inc. earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4533245
Company Research Source: Yahoo! Finance
The JDA will guide JERA and CF Industries' review of a joint venture agreement to construct a low-carbon ammonia plant with a capacity of roughly 1.4 million metric tons. JERA is considering acquiring a 48% share in the project, as well as a deal to procure more than 500,000 metric tons of low-carbon ammonia per year to meet Japan's demand for low-carbon fuel. JERA and CF Industries previously signed a memorandum of understanding to examine the possibility of collaborating on project development, sales and purchases of low-carbon ammonia. JERA and CF Industries plan to make a final investment decision on the planned project within a year, with production beginning in 2028. CF believes that JERA's projects, which represent the first meaningful volume of what it believes will be substantial global demand for low-carbon ammonia as an energy source, will demonstrate ammonia's significant contribution to meeting the decarbonization goals of difficult-to-abate industries. CF looks forw Show less Read more
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