Jun. 23 at 10:04 AM
$LIN $CF $MITSY
Linde signs long-term agreement with Blue Point Number One
Linde (LIN) has signed a new long-term agreement with Blue Point Number One, a joint venture between CF Industries (CF), JERA and Mitsui & Co. (MITSY). Under the terms of the agreement, Linde will supply industrial gases to Blue Point's 1.4 million metric tons low-carbon ammonia plant in Ascension Parish, Louisiana.
Linde will build, own and operate a world-scale air separation unit to supply oxygen and nitrogen to the Blue Point project, expected to be one of the largest low-carbon ammonia projects in the world. Linde will invest more than
$400 million in the new on-site plant, which is expected to start up in 2029.
