Latest news with #TonyWill
Business Wire
14-07-2025
- Business
- Business Wire
CF Industries Announces Start-up of Donaldsonville Complex CO
NORTHBROOK, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today announced the start-up of the carbon dioxide (CO 2) dehydration and compression facility at its Donaldsonville Complex in Louisiana. The facility will enable the transportation and permanent geological sequestration of up to 2 million metric tons of CO 2 annually that would otherwise have been emitted into the atmosphere. ExxonMobil, the Company's carbon capture and sequestration (CCS) partner for this project, will be transporting and permanently storing the CO 2. "By starting permanent sequestration now, we reduce our emissions, accelerate the availability of low-carbon ammonia for our customers and begin generating valuable 45Q tax credits," said Tony Will, President and CEO, CF Industries Holdings, Inc. Share On an interim basis, ExxonMobil is storing CO 2 from the Donaldsonville Complex in permanent geologic sites through enhanced oil recovery. Upon receiving its applicable permits, ExxonMobil plans to transition to dedicated permanent storage, starting with its Rose CCS project. Rose is one of many dedicated permanent storage sites ExxonMobil is developing along the Gulf Coast to expand its integrated CCS network. The U.S. Environmental Protection Agency issued a draft Class VI permit for Rose in July, and final permits are expected later this year. 'The start-up of the Donaldsonville carbon dioxide dehydration and compression facility and initiation of sequestration by ExxonMobil is a historic milestone in our Company's decarbonization journey,' said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. 'By starting permanent sequestration now, we reduce our emissions, accelerate the availability of low-carbon ammonia for our customers and begin generating valuable 45Q tax credits.' As a result of its Donaldsonville CCS project, CF Industries expects to produce approximately 1.9 million tons of low-carbon ammonia on an annual basis. CF Industries also expects to qualify for tax credits under Section 45Q of the Internal Revenue Code, which provides a credit per metric ton of CO 2 stored. About CF Industries Holdings, Inc. At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world's largest – to enable low-carbon hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world's transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company's website at and encourages those interested in the Company to check there frequently.
Yahoo
08-04-2025
- Business
- Yahoo
CF Industries, Japanese partners to build $4B ‘blue' ammonia plant in Ascension Parish
CF Industries existing ammonia and nitrogen facility in Donaldsonville (CF Industries photo) The world's largest 'blue' ammonia plant will be built in Ascension Parish and create more than 100 permanent jobs, Gov. Jeff Landry and the companies involved announced Tuesday. CF Industries, which has teased the project since 2023, revealed its funding partners that intend to move the development forward. CF Industries already operates the largest existing ammonia and nitrogen plant in Donaldsonville, where it has manufactured the main components of agricultural fertilizer since the early 1970s. Its new $4 billion facility will annually produce 1.4 million metric tons of blue ammonia, which is produced using carbon capture technology to store its greenhouse gas emissions. Tony Will, CF Industries president and CEO, said the new plant will supplement the existing ammonia production site that will also sequester the carbon dioxide it produces. The company ultimately plans to invest in green ammonia production, which uses only renewable power sources and is carbon neutral, he added. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX CF Industries is partnering on the project with JERA Co. Inc, a Japanese ammonia producer, and Mitsui & Co. Ltd., a Tokyo-based diversified trading and investment company. Yukio Kani, JERA's global chairman and CEO, said his company is investing $1.4 billion in what will be called the Blue Point Complex. JERA already does business with Louisiana's liquified natural gas export facilities, Kani added. Gov. Jeff Landry heralded Tuesday's news as another example of Louisiana 'winning' in the economic development realm. It comes on the heels of Hyundai's announcement late last month at the White House that it will build a $5.8 billion steel mill in Ascension Parish to support its U.S. auto manufacturing sites. 'We are living up to the promises we made when we started to focus on business and industries that built this state,' the governor said. The Blue Point Complex will be built near the Hyundai plant on the west bank of Ascension Parish, in the 17,000-plus-acre RiverPlex MegaPark north of Donaldsonville. Salaries will average $110,000 for the 103 permanent jobs the CF Industries plant will create, according to Louisiana Economic Development (LED). Construction of the facility will result in some 1,500 construction jobs, on top of the 5,000 for the Hyundai steel mill. The blue ammonia plant is expected to become operational by 2029, according to CF Industries. LED Secretary Susan Bourgeois confirmed area community and technical colleges will be tapped to train the workforce needed for the CF Industries and Hyundai projects, including their permanent hires. To lure the project to Louisiana, the state offered CF Industries a $6 million performance-based grant for the money it spends on project development and infrastructure. The company will also participate in the state's Industrial Tax Exemption Program, which provides a break on local property taxes, and is expected to use the Quality Jobs program that refunds payroll taxes for new positions created. The governor said CF Industries has reached an agreement to make an up front payment to Ascension Parish in lieu of paying property taxes. Terms of that PILOT arrangement weren't immediately available. Will said CF Industries chose the Donaldsonville site because of Louisiana's skilled workforce, strategic infrastructure, abundant natural resources and access to carbon capture capabilities. Asked what impact the Trump administration's far-reaching import tariffs might have on the project, Will said foreign components for the facility aren't expected to arrive in Louisiana for another three years. 'My hope is that between now and then progress has been made on the international trade front,' Will said. The Blue Point Complex is arguably the most significant development in the ammonia marketplace since the European Union put in place its Carbon Border Adjustment Mechanism almost two years ago. The CBAM policy is intended to prevent so-called 'carbon leakage,' which happens when industry moves operations to a country with more lax environmental laws. The mechanism adds a cost to imported goods that accounts for their carbon emissions. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
08-04-2025
- Business
- Yahoo
1PointFive Signs 25-Year Sequestration Agreement with CF Industries
Agreement calls for approximately 2.3 million metric tons of carbon dioxide to be securely stored per year at 1PointFive's Pelican Sequestration Hub in Louisiana HOUSTON, April 08, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a subsidiary of Occidental, today announced the signing of a 25-year offtake agreement for approximately 2.3 million metric tons of carbon dioxide (CO2) per year from CF Industries' and its joint venture partners JERA Co., Inc. and Mitsui & Co., Inc. recently announced Bluepoint low-carbon ammonia production facility in Ascension Parish, Louisiana. Under the agreement, CO2 captured from the facility will be transported and geologically stored at 1PointFive's Pelican Sequestration Hub, which has taken final investment decision and is moving through the development process. The agreement demonstrates how 1PointFive's U.S. Gulf Coast sequestration hubs can enable large-scale investments in the production of low carbon-products and help hard-to-decarbonize sectors address their emissions. Sequestration technology makes it possible to increase the value of natural gas, which can be used to produce ammonia with significantly lower carbon intensity when its CO2 emissions are captured during the manufacturing process. 'CF Industries' and its partners confidence in our Pelican Sequestration Hub is a validation of our expertise managing carbon dioxide and how we collaborate with industrial organizations to become their commercial sequestration partner,' said Jeff Alvarez, President of 1PointFive Sequestration. 'By working together, we can unlock the potential of American manufacturing and energy production, while advancing industries that deliver high-quality jobs and economic growth.' When operational, 1PointFive's Pelican hub in Louisiana will include infrastructure to safely and economically sequester industrial emissions in geologic formations more than a mile underground. 1PointFive is leveraging Occidental's more than 50 years of experience managing and durably storing up to 20 million tons of CO2 per year. 'CF Industries and its partners are proud to have 1PointFive and Occidental provide carbon dioxide transport and sequestration for our Bluepoint low-carbon ammonia production facility in Louisiana,' said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. 'Having a proven carbon capture and sequestration partner was essential to enabling our industry-leading project and the manufacturing jobs it will create. We look forward to working with 1PointFive and Occidental as they build on their long and established track record of safely storing carbon dioxide.' About 1PointFive1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs. Visit for more information. AIR TO FUELS™ is a registered trademark of Carbon Engineering ULC. Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including those relating to Occidental's and 1PointFive's development of the Pelican Sequestration Hub, the development of sequestration infrastructure, and the related impact on carbon emissions, which are based on current expectations, beliefs, plans, estimates, and forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. Words such as 'believe,' 'will,' 'may,' 'expect,' 'plan,' 'possible,' 'potential,' or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Occidental and 1PointFive do not undertake any obligation to update, modify, or withdraw any forward-looking statements as a result of new information, future events, or otherwise. These statements are not guarantees of future performance as they involve assumptions that may prove to be incorrect and risks and uncertainties, including those that are beyond Occidental's and 1PointFive's control. Factors that may cause actual results to differ materially from forward-looking statements include Occidental's and 1PointFive's ability to develop and employ existing or new technology on a commercial scale, to access capital, to collaborate with third parties and customers, and to receive approvals from regulatory bodies, as well as market conditions, geopolitical events, and scientific developments. Additional factors that may affect the benefits of the agreement between 1PointFive and CF Industries and Occidental's and 1PointFive's ability to develop the Pelican Sequestration Hub and related sequestration infrastructure can be found in Occidental's filings with the U.S. Securities and Exchange Commission (SEC), which may be accessed at the SEC's website at Information included herein is not necessarily material to an investor in Occidental's securities. Contacts Media Investors Eric Moses R. Jordan Tanner 713-497-2017 713-552-8811 eric_moses@ investors@ in to access your portfolio
Associated Press
08-04-2025
- Business
- Associated Press
1PointFive Signs 25-Year Sequestration Agreement with CF Industries
1PointFive, a subsidiary of Occidental, today announced the signing of a 25-year offtake agreement for approximately 2.3 million metric tons of carbon dioxide (CO2) per year from CF Industries' and its joint venture partners JERA Co., Inc. and Mitsui & Co., Inc. recently announced Bluepoint low-carbon ammonia production facility in Ascension Parish, Louisiana. Under the agreement, CO2 captured from the facility will be transported and geologically stored at 1PointFive's Pelican Sequestration Hub, which has taken final investment decision and is moving through the development process. The agreement demonstrates how 1PointFive's U.S. Gulf Coast sequestration hubs can enable large-scale investments in the production of low carbon-products and help hard-to-decarbonize sectors address their emissions. Sequestration technology makes it possible to increase the value of natural gas, which can be used to produce ammonia with significantly lower carbon intensity when its CO2 emissions are captured during the manufacturing process. 'CF Industries' and its partners confidence in our Pelican Sequestration Hub is a validation of our expertise managing carbon dioxide and how we collaborate with industrial organizations to become their commercial sequestration partner,' said Jeff Alvarez, President of 1PointFive Sequestration. 'By working together, we can unlock the potential of American manufacturing and energy production, while advancing industries that deliver high-quality jobs and economic growth.' When operational, 1PointFive's Pelican hub in Louisiana will include infrastructure to safely and economically sequester industrial emissions in geologic formations more than a mile underground. 1PointFive is leveraging Occidental's more than 50 years of experience managing and durably storing up to 20 million tons of CO2 per year. 'CF Industries and its partners are proud to have 1PointFive and Occidental provide carbon dioxide transport and sequestration for our Bluepoint low-carbon ammonia production facility in Louisiana,' said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. 'Having a proven carbon capture and sequestration partner was essential to enabling our industry-leading project and the manufacturing jobs it will create. We look forward to working with 1PointFive and Occidental as they build on their long and established track record of safely storing carbon dioxide.' About 1PointFive 1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs. Visit for more information. AIR TO FUELS™ is a registered trademark of Carbon Engineering ULC. Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including those relating to Occidental's and 1PointFive's development of the Pelican Sequestration Hub, the development of sequestration infrastructure, and the related impact on carbon emissions, which are based on current expectations, beliefs, plans, estimates, and forecasts. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. Words such as 'believe,' 'will,' 'may,' 'expect,' 'plan,' 'possible,' 'potential,' or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Occidental and 1PointFive do not undertake any obligation to update, modify, or withdraw any forward-looking statements as a result of new information, future events, or otherwise. These statements are not guarantees of future performance as they involve assumptions that may prove to be incorrect and risks and uncertainties, including those that are beyond Occidental's and 1PointFive's control. Factors that may cause actual results to differ materially from forward-looking statements include Occidental's and 1PointFive's ability to develop and employ existing or new technology on a commercial scale, to access capital, to collaborate with third parties and customers, and to receive approvals from regulatory bodies, as well as market conditions, geopolitical events, and scientific developments. Additional factors that may affect the benefits of the agreement between 1PointFive and CF Industries and Occidental's and 1PointFive's ability to develop the Pelican Sequestration Hub and related sequestration infrastructure can be found in Occidental's filings with the U.S. Securities and Exchange Commission (SEC), which may be accessed at the SEC's website at Information included herein is not necessarily material to an investor in Occidental's securities. Contacts
Associated Press
08-04-2025
- Business
- Associated Press
CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia
NORTHBROOK, Ill.--(BUSINESS WIRE)--Apr 8, 2025-- CF Industries Holdings, Inc. (NYSE: CF), the world's largest producer of ammonia, announced today that it has formed a joint venture with JERA Co., Inc. (JERA), Japan's largest energy company, and Mitsui & Co., Inc. (Mitsui), a leading global investment and trading company, for the construction, production and offtake of low-carbon ammonia. Highlights Joint Venture Structure: Upon formation, CF Industries will hold 40% ownership, JERA 35% ownership, and Mitsui 25% ownership in the joint venture. (1) Low-Carbon Ammonia Production Facility Construction: The joint venture will construct at CF Industries' Blue Point Complex in Louisiana an autothermal reforming (ATR) ammonia production facility with a carbon dioxide (CO 2 ) dehydration and compression unit at the site to prepare captured CO 2 for transportation and sequestration. The estimated cost for the ammonia production facility is approximately $4 billion, which will be funded by each partner according to their ownership percentage. Low-Carbon Ammonia Production Capacity: The low-carbon ammonia production facility will have an annual nameplate capacity of approximately 1.4 million metric tons, which would be the largest ammonia production facility by nameplate capacity in the world. Production of low-carbon ammonia is expected to begin in 2029. Scalable Infrastructure: CF Industries will 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. Operations: CF Industries will be responsible for the operation and maintenance of the ammonia production facility. Ammonia Offtake: Product offtake will be handled independently by the three companies according to their ownership percentage. Sequestration of Carbon Dioxide (CO 2 ): 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company and subsidiary of Occidental (NYSE: OXY), will transport and sequester approximately 2.3 million metric tons of CO 2 annually at 1PointFive's Pelican Sequestration Hub in Louisiana. 'CF Industries is proud to partner with global leaders JERA and Mitsui to build the leading low-carbon ammonia production facility in the world,' said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. 'Our joint venture represents tangible progress towards building a reliable and affordable low-carbon ammonia value chain to meet what we expect to be robust global demand for low-carbon ammonia for both traditional and new applications.' Yukio Kani, JERA Global CEO and Chair said, 'Collaboration and partnership are at the heart of JERA's strategy to achieve our decarbonization goals. This Blue Point project is a testament to the strong alliances we are building to advance low-carbon solutions. The U.S. remains a cornerstone market for JERA, and this initiative underscores our long-term commitment to expanding our presence with diversified and sustainable energy projects. As we move forward, we will continue to accelerate the availability of low-carbon fuels and develop their supply chains, driving meaningful progress toward a more stable and cleaner energy future.' Mr. Kenichi Hori, President and Chief Executive Officer of Mitsui & Co., Ltd, said, 'We are excited to announce the achievement of this significant milestone together with CF Industries and JERA to invest in this large-scale low-carbon ammonia project in Louisiana. Mitsui will establish a low-carbon ammonia value-chain worldwide by leveraging its presence in the US gas value chain from natural gas to chemicals including this project, and our strength and track record in the global trading of ammonia. We aim to lower carbon emissions across various industries through investment in projects of this kind.' Greenfield Low-Carbon Ammonia Capacity Construction Overview The companies estimate that the cost of the low-carbon ATR ammonia production facility with CCS technologies will be approximately $4 billion. Approximately half of the estimated cost is related to materials that will be imported to the United States, with the majority of imported materials expected to arrive in Louisiana in three years. The companies will divide the cost of the ammonia production facility engineering, procurement and construction according to their ownership percentage. Pre-construction activities and engineering evaluations will begin in 2025 at CF Industries' Blue Point Complex in Ascension Parish, Louisiana. Construction of the ammonia production facility is expected to begin in 2026, with low-carbon ammonia production expected in 2029. The ammonia production facility is designed with an annual nameplate capacity of approximately 1.4 million metric tons and is expected to capture greater than 95% of carbon dioxide generated from the production of ammonia. CF Industries will have operations and maintenance responsibility under a contract with the joint venture. Additionally, CF Industries will 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. Carbon Capture and Sequestration Overview 1PointFive will provide transportation and sequestration of CO 2 for the joint venture. The ammonia production facility is expected to capture, compress and dehydrate approximately 2.3 million metric tons of CO 2 annually. 1PointFive will then transport the CO 2 and permanently sequester it in a Class VI well at its Pelican Sequestration Hub in Louisiana, which has taken final investment decision and is moving through the development process. 1PointFive is leveraging Occidental's more than 50 years of experience managing and safely storing up to 20 million metric tons of CO 2 per year. 'CF Industries and its partners' confidence in our Pelican Sequestration Hub is a validation of our expertise managing carbon dioxide and how we collaborate with industrial organizations to become their commercial sequestration partner,' said Jeff Alvarez, President of 1PointFive Sequestration. 'By working together, we can unlock the potential of American manufacturing and energy production, while advancing industries that deliver high-quality jobs and economic growth.' The joint venture expects to qualify for tax credits under Section 45Q of the Internal Revenue Code, which provides a tax credit per metric ton of carbon dioxide permanently sequestered. EPC Partners The joint venture has awarded the engineering, procurement, and module fabrication contract 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. (1) JERA has a conditional option to reduce its ownership percentage that expires on December 31, 2025. If the specified condition is met, JERA can reduce its ownership below 35% but not lower than 20%. CF Industries would have the right and obligation to increase its ownership by the same amount that JERA reduces. About CF Industries At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world's largest – to enable low-carbon hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world's transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company's website at and encourages those interested in the Company to check there frequently. About JERA Co., Inc. Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan's Energy for a New Era, will take on the challenge of achieving net zero CO 2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner. For more details: About Mitsui & Co. Mitsui & Co. is a global investment and trading company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries. The company identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders. Mitsui has set three key strategic initiatives for its current Medium-term Management Plan: supporting industries to grow and evolve with stable supplies of resources and materials, and providing infrastructure; promoting a global transition to low-carbon and renewable energy; and empowering people to lead healthy lives through the delivery of quality healthcare and access to good nutrition. Visit for more information. About 1PointFive 1PointFive is a Carbon Capture, Utilization and Sequestration (CCUS) company that is working to help curb global temperature rise to 1.5°C through the deployment of decarbonization solutions, including Carbon Engineering's Direct Air Capture and AIR TO FUELS™ solutions alongside geologic sequestration hubs. Visit for more information. AIR TO FUELS™ is a registered trademark of Carbon Engineering ULC. About Technip Energies Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO 2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter. For further information: About Topsoe Topsoe is a leading global provider of technology and solutions for the energy transition. We combat climate change by helping our customers and partners achieve their decarbonization and emission reduction goals. Based on decades of scientific research and innovation, we offer world-leading solutions for transforming renewable resources into fuels and chemicals for a sustainable world, and for efficient and low-carbon fuel production and clean air. We were founded in 1940 and are headquartered in Denmark, with more than 2,800 employees serving customers all around the globe. To learn more, visit Safe Harbor Statement All statements in this communication by CF Industries Holdings, Inc. (together with its subsidiaries, the 'Company'), other than those relating to historical facts, are forward-looking statements, including, but not limited to, statements as to management's expectations with respect to the costs and time schedules for the Blue Point Complex projects. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. Actual future results, including Blue Point Complex project plans, partner participation, timing, costs, and capacities could vary depending on: the ability to execute operational objectives on a timely and successful basis; timely completion of construction projects; implementation of government frameworks and permitting for carbon capture and storage and other lower-emission technologies; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; cooperation of joint venture members; changes in the Company's ownership percentage in the joint venture; unforeseen technical or operational difficulties; and other market factors including changes in supply and demand and other market factors affecting future prices of ammonia and hydrogen products; and other factors discussed in this release and in the Company's most recent annual and quarterly reports on Form 10-K and Form 10-Q. Important factors that could affect the Company's ability to complete the Blue Point Complex projects on schedule as planned and on budget include, among others, cost overruns, effects of tariffs and changes in international trade on the cost and availability of project materials, performance of third parties, permitting matters, adverse weather, defects in materials and workmanship, labor and material shortages, transportation constraints, engineering and construction change orders, and other unforeseen difficulties. More detailed information about factors that may affect the Company's performance and could cause actual results to differ materially from those in any forward-looking statements may be found in the Company's filings with the Securities and Exchange Commission, including the Company's most recent annual and quarterly reports on Form 10-K and Form 10-Q, which are available in the Investor Relations section of the Company's web site. It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of our forward-looking statements and, consequently, our descriptions of such risks and uncertainties should not be considered exhaustive. There is no guarantee that any of the events, plans or goals anticipated by these forward-looking statements will occur, and if any of the events do occur, there is no guarantee what effect they will have on our business, results of operations, cash flows, financial condition and future prospects. Forward-looking statements are given only as of the date of this communication and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Chris Close Senior Director, Corporate Communications 847-405-2542 – [email protected] Darla Rivera Director, Investor Relations SOURCE: CF Industries Holdings, Inc Copyright Business Wire 2025. PUB: 04/08/2025 11:04 AM/DISC: 04/08/2025 11:04 AM
