CF Industries breaks ground on low-carbon ammonia facility in Donaldsonville

CF Industries, JERA, and Mitsui broke ground on Blue Point One, a $3.7B low-carbon ammonia plant in Louisiana. The plant, expected to be the world's largest with 1.4M metric tons annual capacity, will create jobs and use autothermal reforming technology. CF Industries (CF) holds 40% ownership, JERA 35%, and Mitsui 25%. The plant is set to begin production in 2029.

CF Industries, JERA, and Mitsui began construction on Blue Point One, a $4B low-carbon ammonia plant in Louisiana. The facility, set to be the world's largest, will produce 1.4M metric tons annually and use ATR technology. Operational by 2029, it aims to serve agricultural and energy markets, boosting domestic supply and exports. According to CF Industries, the project will create jobs and strengthen U.S. industrial capacity.

The U.S. Department of Justice is investigating leading fertilizer producers, including Nutrien, Mosaic, CF Industries, Koch, and Yara, for potential antitrust violations. Iowa Corn Growers Association President Mark Mueller cites industry consolidation and high prices as concerns. Farmers argue that fewer suppliers have not led to promised cost savings. The investigation is in early stages, with no accusations made. Farmers seek greater transparency in pricing.

CF Industries (CF) reported Q2 2026 net earnings of $727 million, or $4.73 per diluted share, and adjusted EBITDA of $1.2 billion. For 1H 2026, net earnings were $1.3 billion and adjusted EBITDA $2.2 billion. The company raised its dividend 20% to $0.60/share and deployed $958 million for buybacks. Blue Point permits received; Yazoo City restart moved to 1H 2027.

CF Industries Holdings (CF) shares fell about 2% after its earnings release. The company reported Q2 2026 revenue of $2,222 million, net income of $727 million, and basic EPS of $4.73, all up year over year. Management cited a higher mid-cycle cash profile, while investors focused on project delays including Yazoo City.

CF Industries (NYSE:CF) reported Q2 2026 earnings call highlights, citing strong first-half EBITDA but noting June customer purchase slowdown and very low inventories that may weigh on near-term volumes. Fixed costs rose about $75 million in Q2, and Yazoo City restart was delayed to H1 2027. 2026 CapEx is projected near $1.3 billion, with mid-cycle nitrogen pricing assumptions discussed.