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.

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The Kirkland team included corporate lawyers Cy Jones and Jake Volz; real asset transactions lawyers Chad Smith, Pat Corrigan and Shawn Beloin; construction lawyers James Clark and Ahmed Alrikhaimi; tax lawyers Mark Dundon and Mike Masri; technology & IP transactions lawyer Amy Barber; and real estate lawyer John Caruso.