CF Industries sees roughly $2 billion price tag for U.S. blue ammonia facility By Reuters

© Reuters. FILE PHOTO: A general view of the CF Industries plant in Billingham, Britain September 20, 2021. REUTERS/Lee Smith

CHICAGO (Reuters) – CF Industries (NYSE:) expects a U.S. blue ammonia production facility planned with Mitsui & Co to cost about $2 billion, Chief Executive Tony Will said on Thursday.

CF Industries, the world’s largest producer of ammonia, and Mitsui, a leading ammonia marketer, said this week they intend to jointly develop the greenfield ammonia facility.