CF Industries Holdings Inc. announced Monday that it has signed a definitive purchase agreement with Incitec Pivot Limited for IPL’s ammonia production complex in Waggaman. The facility has a capacity of 880,000 tons of ammonia annually.
Under the terms of the agreement, CF Industries will purchase the plant and related assets for $1.7 billion.
“We believe the Waggaman facility will fit seamlessly into our network, as well as our strategic focus on ammonia as a clean energy source, given its proximity and pipeline connection to our Donaldsonville complex, its distribution and logistics flexibility, and its favorable characteristics for the addition of carbon capture and sequestration (CCS) technologies to enable low-carbon ammonia production,” says Tony Will, president and chief executive officer, CF Industries Holdings Inc. Read the entire announcement.
