Carbon capture a low cost initiative, says CF

Adding a carbon capture process to fertilizer production would only require modest capital spending and add relatively little to production costs, the head of CF Industries told investment firms Thursday morning (May 6, 2022).

Tony Will, president of the global nitrogen and ammonia producer which has a major plant in Medicine Hat, made the statement during a conference call to discuss the firm’s first-quarter results.

It laid out record cash flow from spiking world commodity prices and a plan to build a new joint partnership “blue ammonia” plant on the U.S. Gulf Coast, announced Tuesday, along with a dividend hike and share buyback program.

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