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Main Contents
Mitsui & Co., Ltd. (“Mitsui”, head office: Tokyo, President and CEO: Kenichi Hori), made a decision to invest in the Blue Point low-carbon ammonia* production project in the US (“the Project”) on April 8, 2025 (US time). The final investment decision for the Project was made together with CF Industries Holdings, Inc. (“CF Industries”) and JERA Co., Inc. (“JERA”).
The Project will involve construction in Louisiana of one of the world’s largest low-carbon ammonia facilities in the world, with an annual production capacity of approximately 1.4 million tons. The Project will also involve the production and sale of low-carbon ammonia, in collaboration with CF Industries, the world’s largest ammonia producer, and JERA, Japan’s largest power generation operator. Construction will begin in 2025, and production is planned to begin in 2029. Each shareholder will offtake the produced ammonia, and Mitsui plans to sell those to Europe, Asia and other locations. The project plans to utilize carbon capture and sequestration, and expects to capture and store approximately 2.3 million tons of CO2 annually, reducing CO2 emissions during the production process by greater than 95%.
Mitsui decided to invest in the Project as part of its cross-industry initiatives, combining more than 50 years of expertise and experience accumulated in both ammonia trading and production in the Chemicals segment and natural gas, LNG, and fuel supply in the Energy segment. Global Energy Transition is one of the Key Strategic Initiatives identified in the Medium-term Management Plan 2026. The production of low-carbon ammonia, which is attracting attention as a next-generation fuel in addition to its traditional use as a feedstock for the fertilizers and chemicals, will contribute to lower greenhouse gas emission across various industries compared to conventional methods.
The impact of the Project on Mitsui’s consolidated financial results for the fiscal year ending March 2026 is expected to be minor.
1. Project Overview
| (1) Project name | Blue Point | |
|---|---|---|
| (2) Location | Ascension Parish, Louisiana, US | |
| (3) Production capacity | Approx. 1.4 million tons/year | |
| (4) Shareholders and ownership ratios | CF Industries: 40% JERA: 35% Mitsui: 25% |
|
| (5) Total Project cost | Approx. 4 billion USD (approx. 600 billion JPY) | |
| (6) Mitsui’s investment | Approx. 1 billion USD (approx. 150 billion JPY) to be invested in stages by 2029 | |
| (7) Schedule | Commercial production scheduled to begin in 2029 | |
2. Overview of CF Industries
| (1) Name | CF Industries Holdings, Inc. | |
|---|---|---|
| (2) Year of establishment | 1946 | |
| (3) Location | Northbrook, Illinois, US | |
| (4) Description of business | Production of ammonia and nitrogen-based fertilizers | |
| (5) Website | https://www.cfindustries.com/ | |
3. Overview of JERA
| (1) Name | JERA Co., Inc. | |
|---|---|---|
| (2) Year of establishment | 2015 | |
| (3) Location | Nihonbashi, Chuo-ku, Tokyo, Japan | |
| (4) Description of business | Electricity, gas, and heat supply Development, extraction, processing, trading, and transportation etc., of energy infrastructure resources |
|
| (5) Website | https://www.jera.co.jp/en/ | |
*Ammonia produced with significantly lower CO2 emissions compared with conventional production process