In February 2023, CF Industries Holdings, Inc. announced it entered into a memorandum of understanding with LOTTE CHEMICAL Corporation. The MOU is intended to guide the companies in a joint exploration of clean ammonia production and long-term clean ammonia offtake into South Korea.

The MOU establishes a framework for the companies to assess the joint development of and investment in a greenfield clean ammonia production facility in the U.S., 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.