M&A – Sale of Interests in Gulf Coast Ammonia

Represented Agrifos Partners LLC, a privately-owned development company with expertise in the fertilizer and agriculture sectors, in connection with the sale of its interests in Gulf Coast Ammonia LLC, an agricultural chemical manufacturing company, to a joint venture of Starwood Energy Group Global LLC, a private equity investment firm that specializes in energy infrastructure investments, and Mabanaft GmbH & Co. KG, a subsidiary of Marquard & Bahls, an independent holding company in the energy & chemical sector. This sale closed concurrently with the closing of non-recourse project financing for Gulf Coast Ammonia LLC’s world-scale anhydrous ammonia plant in Texas. The project was initiated by Agrifos Partners and brought to successful conclusion in collaboration with its joint venture development partners Mabanaft and Macquarie Capital.

Gulf Coast Ammonia’s state-of-the-art facility will be located within an industrial chemical site in Texas City, Texas and will offer advantageous logistics with deep-water access and pipeline connectivity. Oiltanking North America (a sister company of Mabanaft) will own and operate the marine facilities. Using industry-leading and proven technology, the facility will be the world’s largest single-train ammonia synthesis loop and will raise the bar in terms of the safe and efficient production and storage of ammonia. Gulf Coast Ammonia has secured long-term offtake contracts for the majority of its production capacity and long-term supply agreements for its feedstock.

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