Nutrien Announces Intention to Build World’s Largest Clean Ammonia Production Facility
Nutrien Ltd. Common Shares (NTR)
Last nutrien ltd. common shares earnings: 2/18 05:24 pm
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Source: Business Wire
Evaluating existing Geismar, Louisiana site to produce 1.2 million tonnes of clean ammonia annually SASKATOON, Saskatchewan--(BUSINESS WIRE)--Nutrien Ltd. (TSX and NYSE: NTR) announced today that it is evaluating Geismar, LA as the site to build the world’s largest clean ammonia facility. Building on the company’s expertise in low-carbon ammonia production, clean ammonia will be manufactured using innovative technology to achieve at least a 90 percent reduction in CO2 emissions. The project will proceed to the front-end engineering design (FEED) phase, with a final investment decision expected to follow in 2023. If approved, construction of the approximately US$2 billion facility would begin in 2024 with full production expected by 2027.The new clean ammonia plant would leverage low-cost natural gas, tidewater access to world markets, and high-quality carbon capture and sequestration infrastructure at its existing Geismar, LA facility to serve growing demand in agriculture, industr
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