Kirkland Advised CF Industries On Joint Venture With Mitsui & Co. And JERA Co. For Production And Offtake Of Low-Carbon Ammonia
Kirkland & Ellis Advised CF Industries On Joint Venture With Mitsui & Co. And JERA Co. For Production And Offtake Of Low-Carbon Ammonia
The JV will construct at Blue Point Complex of CF Industries in Louisiana, the world’s largest low-carbon ammonia plant, with an estimated cost of around $4 billion.
Kirkland & Ellis has advised the world’s largest producer of ammonia, CF Industries Holdings, Inc. (NYSE: CF), on a joint venture with Mitsui & Co., Inc., a leading global investment and trading company, and JERA Co., Inc., Japan’s largest energy company, for construction, production and offtake of low-carbon ammonia. The JV will construct at Blue Point Complex of CF Industries in Louisiana, the world’s largest low-carbon ammonia plant, with an estimated cost of around $4 billion. Scalable infrastructure will also be built and operated at the Blue Point site by CF Industries to supply services including product storage and loading to the ammonia production facility. Around $550 million will be invested by CF Industries for these facilities. CF Industries will receive ongoing services revenue from the JV ammonia production facility.
Corporate lawyers CY Jones and Jake Volz; real asset transactions lawyers Chad Smith, Pat Corrigan and Shawn Beloin; construction lawyers James Clark and Ahmed Alrikhaimi; tax lawyers Mark Dundon and Mike Masri; technology and intellectual property (IP) transactions lawyer Amy Barber; and real estate lawyer John Caruso were on the Kirland & Ellis team.
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