Group 1: Partnership and Innovation - CF Industries and POET LLC have announced a partnership to test low-carbon ammonia fertilizer aimed at reducing the carbon intensity of corn and ethanol production, with demand for lower-carbon ethanol expected to rise significantly due to low-carbon fuel standards [1][2] - The application of low-carbon ammonia is projected to lower the carbon intensity of ethanol by up to 10%, with initial applications planned for fall 2024 and the first crop harvest expected in fall 2025 [2] Group 2: Production and Market Dynamics - CF Industries has installed a 20MW electrolyzer at its Donaldsonville complex to produce green ammonia, with plans to pair it with renewable energy credits [3] - The global nitrogen market is currently in a long supply position due to lower-than-expected demand from Europe and India, as well as a buying halt in North America, but management anticipates a recovery in worldwide demand [3][4] - The global supply-demand balance for nitrogen is expected to tighten in the long run, as growth in nitrogen capacity is not projected to keep pace with the estimated 1.5% annual growth in demand [4]
CF Industries (CF) to Showcase the Use of Low-Carbon Fertilizer