CF Industries, the world’s largest producer of ammonia, announced last week its approximately $4 billion final investment decision to build a low-carbon ammonia facility in Ascension Parish.
At a press conference, Gov. Jeff Landry said the new facility on the west bank of Ascension Parish would be the largest facility of its kind in the world.
The investment is a joint venture with JERA Co., Japan’s largest energy company, and Mitsui & Co., a global investment company. The project is expected to create 103 direct new permanent jobs with an average salary of $110,000.
The facility is expected to export approximately 1.4 million metric tons of low-carbon ammonia annually to international markets.
The facility will utilize cutting-edge carbon reduction and carbon capture and sequestration technology, with carbon sequestered by 1PointFive, a subsidiary of Occidental.
“Our project will be uniquely advantaged to meet global customer demand for low-carbon ammonia thanks to Louisiana’s skilled workforce, strong business environment, ample natural resources and access to carbon capture and sequestration,” says CF Industries Holdings President and CEO Tony Will.
CF Industries has operated in Louisiana for more than 50 years. The company’s existing Donaldsonville Complex on 1,400 acres on Highway 3089 is currently the world’s largest and most flexible ammonia and nitrogen production facility.
The new production facility will be located at the RiverPlex MegaPark on the West Bank in Ascension Parish, the same industrial park where Hyundai Steel Company is building its nearly $6 billion clean steel manufacturing facility.
The $4 billion project is the final investment decision for CF Industries’ 2022 announcement that it was evaluating the site in Ascension Parish for a world-scale facility.
LED offered CF Industries a competitive incentives package for the project that includes the comprehensive workforce development solutions of LED FastStart and a $6 million performance-based grant for project development and infrastructure expenditures. The company is also participating in the state’s Industrial Tax Exemption Program and is expected to utilize the Quality Jobs program.
