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CF Industries has signed a definitive purchase agreement to acquire Incitec Pivot's ammonia production complex in Waggaman, Louisiana, for $1.675 billion. The facility, with a nameplate capacity of 880,000 tons of ammonia annually, will enhance CF's production capabilities and support its focus on low-carbon ammonia. CF plans to utilize $425 million of the purchase price for a long-term ammonia offtake agreement with IPL, providing up to 200,000 tons of ammonia annually. The transaction is expected to generate growth and operational synergies, pending regulatory approvals.
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