[ad_1]
Article content material
Evaluating current Geismar, Louisiana web site to supply 1.2 million tonnes of unpolluted ammonia yearly
SASKATOON, Saskatchewan — Nutrien Ltd. (TSX and NYSE: NTR) introduced right now that it’s evaluating Geismar, LA as the location to construct the world’s largest clear ammonia facility. Constructing on the corporate’s experience in low-carbon ammonia manufacturing, clear ammonia will probably be manufactured utilizing revolutionary know-how to attain at the least a 90 p.c discount in CO2 emissions. The challenge will proceed to the front-end engineering design (FEED) part, with a closing funding choice anticipated to comply with in 2023. If authorised, building of the roughly US$2 billion facility would start in 2024 with full manufacturing anticipated by 2027.
Commercial 2
Article content material
The brand new clear ammonia plant would leverage low-cost pure gasoline, tidewater entry to world markets, and high-quality carbon seize and sequestration infrastructure at its current Geismar, LA facility to serve rising demand in agriculture, industrial and rising vitality markets. The plant is anticipated to have an annual manufacturing capability of 1.2 million metric tonnes of unpolluted ammonia and seize at the least 90 p.c of CO2 emissions, completely sequestering greater than 1.8 million metric tonnes of CO2 in devoted geological storage each year. The brand new plant will use auto thermal reforming know-how to attain the bottom carbon footprint of any plant at this scale and has the potential to transition to net-zero emissions with future modifications.
“Our dedication to the event and use of each low-carbon and clear ammonia is outstanding in our technique to supply options that can assist meet the world’s decarbonization targets, whereas sustainably addressing world meals insecurity. Management in clear ammonia manufacturing will play a key position in attaining our 2030 Scope 1 and a couple of emissions discount targets, as a part of our Feeding the Future Plan,” stated Ken Seitz, Nutrien’s Interim President and CEO.
Nutrien has signed a time period sheet with Denbury Inc., a trusted associate for almost a decade, that will enable for enlargement of the present quantity of carbon sequestration functionality within the speedy neighborhood of its Geismar facility, if chosen as the ultimate web site of building.
“Nutrien is optimally positioned to provide world rising clear ammonia markets and develop a pathway for a decarbonized provide chain,” stated Raef Sully, Nutrien’s Govt Vice President and CEO of Nitrogen and Phosphate. “We’re happy to associate with Denbury on this initiative given our established observe document of cooperation. It’s one other instance of how we’re constructing on our experience in low-carbon ammonia to decarbonize the agriculture business whereas serving to to sustainably feed and gas the long run.”
Nutrien has additionally signed a Letter of Intent to collaborate with Mitsubishi Company for offtake of as much as 40 p.c of anticipated manufacturing from the plant to ship to the Asian gas market, together with Japan, as soon as building is full.
Nutrien is dedicated to main the event of low carbon and clear ammonia to quickly speed up the decarbonization of hard-to-abate sectors resembling agriculture, industrial use of ammonia, energy technology, and maritime gas. As one of many world’s largest ammonia merchants by marine transportation, Nutrien introduced in 2021 a collaboration settlement with EXMAR to collectively develop and construct one of many first low-carbon, ammonia-fueled maritime vessels to assist decarbonize transport. Nutrien can also be concerned with the US Division of Power and different companions to discover versatile clear ammonia manufacturing utilizing air, water and variable renewable electrical energy.
Commercial 3
Article content material
Go to our clear ammonia internet web page for extra data.
Ahead-Trying Statements
Sure statements on this information launch represent “forward-looking data” or “forward-looking statements” (collectively, “forward-looking statements”) below relevant securities legal guidelines together with our expectations for a clear ammonia manufacturing facility (and timing thereof), manufacturing capability, use of applied sciences, partnerships, carbon seize and sequestration, greenhouse gasoline reductions and carbon footprints as nicely potential for net-zero emissions, projected capital expenditures, statements about future working outcomes and offtake agreements, and our expectations for low-carbon, ammonia fueled maritime vessels. Ahead trying statements on this information launch are based mostly on sure key expectations and assumptions made by Nutrien, a lot of that are outdoors of our management. Though Nutrien believes that the expectations and assumptions on which such ahead trying statements are based mostly are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of Nutrien can provide no assurance that they’ll show to be right. Ahead trying statements are topic to varied dangers and uncertainties which might trigger precise outcomes to vary materially from the anticipated outcomes or expectations expressed on this information launch. For data on the assumptions made, and the dangers and uncertainties that might trigger precise outcomes to vary from the anticipated outcomes, discuss with our experiences filed with the Canadian securities regulatory authorities and the USA Securities and Trade Fee.
The forward-looking statements on this information launch are made as of the date hereof and Nutrien disclaims any intention or obligation to replace or revise any forward-looking statements on this information launch, besides as could also be required below relevant legal guidelines.
About Nutrien
Nutrien is the world’s largest supplier of crop inputs and companies, taking part in a essential position in serving to growers improve meals manufacturing in a sustainable method. We produce and distribute roughly 27 million tonnes of potash, nitrogen and phosphate merchandise world-wide. With this functionality and our main agriculture retail community, we’re nicely positioned to provide the wants of our prospects. We function with a long-term view and are dedicated to working with our stakeholders as we tackle our financial, environmental and social priorities. The dimensions and variety of our built-in portfolio offers a secure earnings base, a number of avenues for development and the chance to return capital to shareholders.
Commercial 4
Article content material
About Denbury
Denbury is an impartial vitality firm with operations and property centered on Carbon Seize, Use and Storage (CCUS) and Enhanced Oil Restoration (EOR) within the Gulf Coast and Rocky Mountain areas. For over 20 years, the Firm has maintained a novel strategic deal with using CO2 in its EOR operations and since 2012 has additionally been lively in CCUS via the injection of captured industrial-sourced CO2. The Firm presently injects over 4 million tons of captured industrial-sourced CO2 yearly, with an goal to totally offset its Scope 1, 2, and three CO2 emissions by 2030, primarily via rising the quantity of captured industrial-sourced CO2 utilized in its operations. For extra details about Denbury, go to www.denbury.com.
About Mitsubishi Company
Mitsubishi Company is a world built-in enterprise enterprise that develops and operates companies throughout nearly each business together with pure gasoline, industrial supplies, petroleum & chemical compounds resolution, mineral sources, industrial infrastructure, automotive & mobility, meals business, client business, energy resolution and concrete improvement. For extra details about Mitsubishi, go to https://www.mitsubishicorp.com/jp/en.
View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220518006099/en/
Contacts
FOR FURTHER INFORMATION:
Nutrien
Investor Relations
Jeff Holzman
Vice President, Investor Relations
(306) 933-8545
Media Relations
Megan Fielding
Vice President, Model & Tradition Communications
(403) 797-3015
Contact us at: www.nutrien.com
Denbury
Investor Relations
Brad Whitmarsh
Vice President, Investor Relations
(972) 673-2020
Beth Bierhaus
Investor Relations Analyst
(972) 673-2554
#distro
Commercial
[ad_2]
Source link