Linde (LIN) said Monday it will supply industrial gases to Blue Point Number One's 1.4 million-metric-ton low-carbon ammonia plant in Ascension Parish, Louisiana, under a new long-term agreement.

Blue Point is a joint venture between CF Industries (CF), JERA and Mitsui & Co.

Linde said it will build, own and operate an air separation unit to supply oxygen and nitrogen to the project. The company will invest more than $400 million in the new on-site plant, which is expected to start up in 2029.