CF Industries, the global producer of ammonia, has entered a MOU with South Korea’s Lotte Chemical to jointly explore clean ammonia production in the US with long-term offtake into South Korea, according to a news release.
The MOU establishes a framework for the companies to assess joint development and investment in a greenfield clean ammonia production facility in the US, including at CF Industries’ Blue Point Complex in Louisiana.
The prospective ammonia facility would leverage carbon capture and sequestration technologies to reduce CO2 emissions from the ammonia production process to a level that meets or exceeds South Korea’s clean ammonia requirements.
Additionally, the companies will quantify expected clean ammonia demand in South Korea for power generation, bunkering and other sectors, considering regulatory and policy requirements, as well as safety and environmental considerations.
CF Industries recently signed a MOU with Japan’s JERA to supply up to 500,000 mtpy of ammonia beginning in 2027.
