Debevoise & Plimpton LLP is advising Mitsui & Co., Ltd. in its approximately U.S. $1 billion investment in a low-carbon ammonia production project at the Blue Point facility in Ascension Parish, Louisiana (“the Project”). Mitsui will make its investment together with CF Industries, the world’s largest ammonia producer, and JERA, Japan’s largest power generation operator. The Project includes the construction of one of the world’s largest low-carbon ammonia facilities and the production and sale of low-carbon ammonia. The Project plans to utilize carbon capture and sequestration technologies and expects to reduce CO2 emissions during the production process by more than 95%. For more information, please see the company’s press release.

The Debevoise team is led by M&A partner Ezra Borut and includes counsel Naomi Aoyama and associates Jacob Dougherty and Jasmine Fong, tax partner Rafael Kariyev and associate John Nelson, antitrust partners Timothy McIver, Michael Schaper and Erica Weisgerber, counsel Sergej Bräuer and Leah Martin and associate Kayleigh Anderson, IP and technology transactions partner Henry Lebowitz and associate Siena Stanislaus, real estate counsel Daniel Farrell and associate Perri Weinstein, and environmental counsel Stuart Hammer.