CF Industries completed the acquisition of the Waggaman ammonia production facility of Incitec Pivot for $1.7bn.

CF Industries, a global manufacturer of hydrogen and nitrogen products, completed the acquisition of the Waggaman ammonia production facility of Incitec Pivot, an Australian multinational corporation that manufactures fertiliser, explosives chemicals, and mining service, for $1.7bn. "We are pleased to reach this agreement with Incitec Pivot Limited that benefits from our industry-leading ammonia production capabilities, deploys our capital efficiently and provides long-term value for both companies’ shareholders. We believe the Waggaman facility will fit seamlessly into our network, as well as our strategic focus on ammonia as a clean energy source, given its proximity and pipeline connection to our Donaldsonville, Louisiana, Complex, its distribution and logistics flexibility, and its favorable characteristics for the addition of carbon capture and sequestration technologies to enable low-carbon ammonia production," Tony Will, CF Industries Holdings President and CEO.