Lotus Infrastructure Partners Finalizes Sale of Texas Ammonia Facility to Yara International

In a significant development within the infrastructure investment landscape, Lotus Infrastructure Partners, LP, has successfully agreed to sell its Gulf Coast Ammonia production facility located in Texas City, Texas, to Yara North America, Inc. This agreement, valued at $1.3 billion alongside certain working capital adjustments, aptly underscores Lotus's capability to manage and commercialize large-scale infrastructure assets effectively.

Gulf Coast Ammonia (GCA) is recognized as a single-loop ammonia production facility with a nameplate capacity of about 1.3 million metric tons per year. Currently in the commissioning phase, it is poised to become one of the most efficient and largest single-loop ammonia facilities globally upon completion. This strategic asset has been meticulously developed under Lotus's guidance, transcending its initial complexities to stand as a cornerstone of ammonia production and exportation in North America.

The facility's strategic location on the U.S. Gulf Coast offers vital advantages, including access to a robust industrial base, comprehensive logistics infrastructure, and a natural gas-linked feedstock environment — all critical components for ammonia production. Lotus has showcased its unique ability to partner across various segments of the energy and industrial sectors, thereby tailoring significant infrastructure projects to meet specific market needs.

Philipp Pletka, Managing Director of Lotus Infrastructure Partners, commented on the monumental nature of the transaction: “Gulf Coast Ammonia is a world-class asset that required disciplined execution across development, financing, construction, and commercial structuring. Our team collaborated closely with partners to implement numerous operational and financial enhancements. We believe Yara, a global leader in ammonia and crop nutrition, will steward this asset effectively moving forward.”

Himanshu Saxena, Chairman and CEO of Lotus Infrastructure Partners, added: “The signing of this agreement is an exceptional outcome for Lotus, our partners, and our investors. It reflects our customer-focused investment approach. Ammonia is a critical and expanding commodity, and the United States is uniquely positioned to leverage its natural resources to meet both domestic and global demands.”

The closing of the transaction is still subject to customary conditions and regulatory approvals. JP Morgan has been appointed as the exclusive financial advisor to GCA Holdings LLC, with Vinson & Elkins LLP providing legal counsel for the transaction.

Lotus Infrastructure Partners focuses on diverse infrastructure investments, such as renewable power generation, battery storage, low-carbon fuels, and other energy-related assets. The company has successfully raised over $4 billion in equity capital and executed transactions worth more than $10 billion in enterprise value, including over $3 billion connected to the development and construction of renewable assets.

As Lotus moves forward, it aims to collaborate with global customers and strategic partners to continue delivering world-class infrastructure projects, further establishing its commitment to innovation and excellence in the energy sector. For additional details, visit Lotus Infrastructure.