CF Industries forms JV with JERA and Mitsui for ammonia plant; shares fall
ReutersApr 8, 2025 4:02 PM
Fertilizer firm CF Industries' CF.N shares fall 2.1% to $70.53 premarket
Co announces a joint venture with JERA Co and Mitsui & Co to construct low-carbon ammonia facility for $4 billion in Louisiana
CF Industries to hold 40% ownership, JERA 35%, and Mitsui 25% in the JV
Facility to have an annual nameplate capacity of about 1.4 million metric tons, making it the largest ammonia production facility in the world
Production is expected to begin in 2029
Including session's moves, stock is down 17.6% YTD
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