DEERFIELD, Ill.--(BUSINESS WIRE)--
CF Industries Holdings, Inc. (NYSE: CF) today announced that the new
ammonia plant at the company’s Donaldsonville, Louisiana, Nitrogen
Complex was started-up in September 2016, and has now achieved
consistent, stable operation over the nameplate capacity of
approximately 3,600 tons per day. The plant has produced more than
50,000 tons of ammonia since start-up.
This is the final new plant to be commissioned and started-up as part of
CF’s capacity expansion project at Donaldsonville. It is the largest
ammonia plant by nameplate capacity in the world, sharing that
distinction with three ammonia plants in Saudi Arabia.
“The start-up of the new ammonia plant signals the completion of our
Donaldsonville capacity expansion project,” said Tony Will, president
and chief executive officer, CF Industries Holdings, Inc. “With all
three new plants from the expansion running consistently at or above
nameplate capacities, Donaldsonville’s expanded asset base and unmatched
logistics capabilities are ideally positioned to serve customers in
North America and around the world, while strengthening our cash
generation now and into the future.”
Total annual gross ammonia capacity at Donaldsonville is now 4.3 million
tons, up from 3.1 million tons previously. The Donaldsonville complex
has flexibility to switch production from merchant ammonia to upgraded
products, so the actual mix of net ammonia and upgraded products for
sale will vary based on market conditions.
With the commissioning and start-up of the new ammonia plant, the
Donaldsonville complex is now the largest nitrogen facility in the world.
About CF Industries Holdings, Inc.
CF Industries Holdings, Inc., headquartered in Deerfield, Illinois,
through its subsidiaries is a global leader in the manufacturing and
distribution of nitrogen products, serving both agricultural and
industrial customers. CF Industries operates world-class nitrogen
manufacturing complexes in Canada, the United Kingdom and the United
States, and distributes plant nutrients through a system of terminals,
warehouses, and associated transportation equipment located primarily in
the Midwestern United States. The company also owns a 50 percent
interest in an ammonia facility in The Republic of Trinidad and Tobago.
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.
Safe Harbor Statement
All statements in this communication by CF Industries Holdings, Inc.
(together with its subsidiaries, the "Company"), other than those
relating to historical facts, are forward-looking statements.
Forward-looking statements can generally be identified by their use of
terms such as "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "plan," "predict" or "project" and similar terms and
phrases, including references to assumptions. Forward-looking statements
are not guarantees of future performance and are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
Company's control, which could cause actual results to differ materially
from such statements. These statements may include, but are not limited
to, statements about strategic plans and statements about future
financial and operating results.
Important factors that could cause actual results to differ materially
from those in the forward-looking statements include, among others, the
volatility of natural gas prices in North America and Europe; the
cyclical nature of the Company's business and the agricultural sector;
the global commodity nature of the Company's fertilizer products, the
impact of global supply and demand on the Company's selling prices, and
the intense global competition from other fertilizer producers;
conditions in the U.S. and European agricultural industry; difficulties
in securing the supply and delivery of raw materials, increases in their
costs or delays or interruptions in their delivery; reliance on third
party providers of transportation services and equipment; the
significant risks and hazards involved in producing and handling the
Company's products against which the Company may not be fully insured;
risks associated with cyber security; weather conditions; the Company's
ability to complete its production capacity expansion projects on
schedule as planned, on budget or at all; risks associated with
expansions of the Company's business, including unanticipated adverse
consequences and the significant resources that could be required;
potential liabilities and expenditures related to environmental, health
and safety laws and regulations and permitting requirements; future
regulatory restrictions and requirements related to greenhouse gas
emissions; the seasonality of the fertilizer business; the impact of
changing market conditions on the Company's forward sales programs;
risks involving derivatives and the effectiveness of the Company's risk
measurement and hedging activities; the Company's reliance on a limited
number of key facilities; risks associated with the operation or
management of the strategic venture with CHS Inc. (the "CHS Strategic
Venture"); risks and uncertainties relating to the market prices of the
fertilizer products that are the subject of the supply agreement with
CHS Inc. over the life of the supply agreement and the risk that any
challenges related to the CHS Strategic Venture will harm the Company's
other business relationships; risks associated with the Company's Point
Lisas Nitrogen Limited joint venture; acts of terrorism and regulations
to combat terrorism; risks associated with international operations;
losses on the Company's investments in securities; deterioration of
global market and economic conditions; and the Company's ability to
manage its indebtedness.
More detailed information about factors that may affect the Company's
performance and could cause actual results to differ materially from
those in any forward-looking statements may be found in CF Industries
Holdings, Inc.'s filings with the Securities and Exchange Commission,
including CF Industries Holdings, Inc.'s most recent annual report on
Form 10-K, which is available in the Investor Relations section of the
Company's web site. Forward-looking statements are given only as of the
date of this communication and the Company disclaims any obligation to
update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161026006866/en/
CF Industries Holdings, Inc.
Media
Chris Close
Corporate
Communications
847-405-2542 – cclose@cfindustries.com
or
Investors
Anthony
Fusco
Investor Relations
847-405-2598 – afusco@cfindustries.com
Source: CF Industries Holdings, Inc.