Kirkland Advises CF Industries on Joint Venture with JERA Co. and Mitsui & Co. for Production and Offtake of Low-Carbon Ammonia
Kirkland & Ellis advised CF Industries Holdings, Inc. (NYSE: CF), the world’s largest producer of ammonia, on a joint venture with JERA Co., Inc., Japan’s largest energy company, and Mitsui & Co., Inc., a leading global investment and trading company, for the construction, production and offtake of low-carbon ammonia. The joint venture will construct at CF Industries’ Blue Point Complex in Louisiana the world’s largest low-carbon ammonia plant, with an estimated cost of approximately $4 billion. CF Industries will also build and operate scalable infrastructure at the Blue Point site to supply the ammonia production facility with services, including product storage and loading. CF Industries will invest approximately $550 million for these facilities and receive ongoing services revenue from the joint venture ammonia production facility.
Kirkland also advised CF Industries in connection with the joint venture’s engineering, procurement and module fabrication contract awarded to Technip Energies, which will perform engineering and fabrication of the equipment and modules required for the low-carbon ammonia production facility. Technip Energies will work with Topsoe, to which the joint venture awarded the process license for their low carbon (blue) SynCOR ATR ammonia plant technology.
Read the transaction press release
The Kirkland team advising on the JV included corporate lawyers Cy Jones and Jake Volz; real asset transactions lawyers Chad Smith, Pat Corrigan and Shawn Beloin; tax lawyers Mark Dundon and Mike Masri; technology & IP transactions lawyer Amy Barber; and real estate lawyer John Caruso.
The Kirkland team advising on the engineering, procurement and module fabrication contract included construction lawyers James Clark, Ahmed Alrikhaimi, Ryan Chastain and Aurelia Russo.
