CHICAGO, Ill. (Reuters) — Canadian fertilizer company Nutrien Ltd. intends to build a US$2 billion plant to produce ammonia with low carbon emissions, it said on May 18, in the sector’s latest move to meet rising global demand for clean energy.
The company is evaluating a site in Louisiana for the plant, which could produce 1.2 million tonnes a year and capture at least 90 percent of carbon emissions, Nutrien said in a statement.
Nutrien signed a letter of intent with Mitsubishi Corp. for up to 40 percent of the expected production to deliver to the Asian fuel market, including Japan, the statement said.
Another fertilizer producer, CF Industries Holdings, recently announced plans with Mitsui & Co. to build a roughly $2 billion plant to produce low-carbon ammonia for fuel.
