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CF Industries Holdings, Inc. Commences Restart of Production at Donaldsonville Complex
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
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Rhea-AI Summary
CF Industries Holdings, Inc. (NYSE: CF) has announced the restart of its ammonia plants at the Donaldsonville Complex in Louisiana, which had been shut down due to Hurricane Ida on August 28, 2021. Following the ammonia production, the company plans to resume operations in the product upgrade plants, including urea and nitric acid. Shipping will resume on an availability basis, with direct communication to customers regarding any impacts. CF Industries remains focused on clean energy and sustainability as it operates the world’s largest ammonia production network.
Positive
Restart of ammonia plants at Donaldsonville Complex enhances production capacity.
Plans to resume operations for product upgrade plants (urea, nitric acid, urea ammonium nitrate).
Focus on clean energy aligns with global sustainability goals.
Negative
None.
DEERFIELD, Ill.--(BUSINESS WIRE)--
CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced that it has begun restarting its ammonia plants at the Donaldsonville Complex in Louisiana. Start-up of product upgrade plants (urea, nitric acid, urea ammonium nitrate) will follow. CF Industries had safely shut down all production units at the facility on Saturday, August 28, 2021, as part of its contingency plans for Hurricane Ida.
Shipping will proceed on an as available basis. CF Industries will communicate directly with customers regarding impacts caused by Hurricane Ida.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
