Nutrien eyes U.S. ammonia plant with low carbon emissions

·1 min read

CHICAGO (Reuters) - Canadian fertilizer company Nutrien Ltd intends to build a $2 billion U.S. plant to produce ammonia with low carbon emissions, it said on Wednesday, 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 metric tonnes a year and capture at least 90% of carbon emissions, Nutrien said in a statement.

Nutrien signed a letter of intent with Mitsubishi Corporation for offtake of up to 40% 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 U.S. plant to produce low-carbon ammonia for fuel.

(Reporting by Tom Polansek; Editing by Aurora Ellis)

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