BRIEF-Mitsui & Co: Final Investment Decision For Blue Point Low-Carbon Ammonia Production Project In US

Reuters
09 Apr
BRIEF-Mitsui & Co: Final Investment Decision For Blue Point Low-Carbon Ammonia Production Project In US

April 9 (Reuters) - Mitsui & Co Ltd 8031.T:

  • MITSUI & CO LTD - FINAL INVESTMENT DECISION FOR BLUE POINT LOW-CARBON AMMONIA PRODUCTION PROJECT IN US

  • MITSUI & CO LTD - DECIDES TO INVEST IN BLUE POINT LOW-CARBON AMMONIA PROJECT

  • MITSUI & CO LTD - FINAL INVESTMENT DECISION FOR THE PROJECT WAS MADE TOGETHER WITH CF INDUSTRIES HOLDINGS AND JERA CO

  • MITSUI & CO LTD - CONSTRUCTION WILL BEGIN IN 2025, AND PRODUCTION IS PLANNED TO BEGIN IN 2029

  • MITSUI & CO LTD - EACH SHAREHOLDER WILL OFFTAKE THE PRODUCED AMMONIA, AND MITSUI PLANS TO SELL THOSE TO EUROPE, ASIA AND OTHER LOCATIONS

  • MITSUI & CO LTD - OWNERSHIP RATIO IS CF INDUSTRIES: 40%, JERA: 35%, MITSUI: 25%

Source text: ID:nTSph7cb4f

Further company coverage: 8031.T

(Reporting by Kantaro Komiya)

((Kantaro.Komiya@thomsonreuters.com;))

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