CF Industries, along with Jera and Mitsui, have finalized their investment decision to establish a joint venture aiming to construct a 1.4 million tonne-per-year blue hydrogen-based ammonia plant in Ascension Parish, Louisiana. The plant is set to be operated and maintained by CF Industries. The project, estimated to cost $4bn, will have CF with a 40% ownership, Jera with 35%, and Mitsui with 25%. The partners will each have a stake in offtaking the blue ammonia product. The plant, utilizing autothermal reforming technology with a carbon capture unit, is expected to commence operations in 2029, with plans to capture up to 95% of the CO2 emissions produced. Carbon capture, utilization, and sequestration will be managed by 1PointFive. The project is also set to benefit from the US Inflation Reduction Act's CO2 sequestration tax credit. Additionally, key contracts have been awarded to Technip Energies for engineering and procurement, and Topsoe for the process technology. This initiative signifies a significant step towards meeting the global demand for low-carbon ammonia, while ensuring a sustainable and efficient value chain in the industry.