CF Industries, POSCO evaluating US-based clean ammonia project
POSCO intends to convert low-carbon clean ammonia into hydrogen to use in gas-based power plants and in the steel-making process itself. [Image: POSCO]By Shardul Sharma
US-based CF Industries Holdings and Korea’s POSCO Holdings are evaluating a joint venture to construct a low-carbon clean ammonia plant at CF Industries' Blue Point Complex in Louisiana, CF Industries said on September 13.
POSCO plans to import low-carbon clean ammonia from the facility to South Korea to support decarbonisation of its own and third-party coal-based power generation facilities. Additionally, POSCO intends to convert low-carbon clean ammonia into hydrogen to use in gas-based power plants and in the steel-making process itself.
The FEED study is expected to be completed in the second half of 2024, with a final investment decision by CF Industries and POSCO to follow.
CF Industries is the world's largest producer of ammonia, and POSCO is South Korea's largest steelmaker as well as a leader in energy trading and power generation.