CF Industries Proposes New $2 Billion Low-Carbon Ammonia Production Facility in Ascension Parish
MODESTE, La. – CF Industries Holdings, Inc., the world’s largest producer of ammonia, announced it is evaluating the feasibility of constructing a low-carbon clean ammonia production plant at its Blue Point Complex in Ascension Parish. The proposed new facility is expected to cost over $2 billion and would be developed jointly by CF Industries and POSCO Holdings, South Korea’s largest steelmaker.
If the project moves forward as outlined, CF Industries expects to create 50 direct new jobs with average annual salaries of more than $106,000, while retaining 541 current positions. Louisiana Economic Development estimates the project would result in an additional 177 new indirect jobs, for a total of 227 potential new jobs in the Capital Region.
“CF Industries is a global leader in the decarbonization of industrial processes and we are excited that they are considering additional investments in Louisiana to support these efforts,” Gov. John Bel Edwards said. “I thank CF Industries for continuing to recognize Louisiana’s unique advantages for energy and manufacturing innovation, and look forward to supporting the creation of quality, high-paying jobs for our state’s skilled workforce if the project moves forward.”…