Kirkland & Ellis advised Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), on its acquisition of a majority stake in a blue ammonia project, which will be developed alongside U.S.-based Sustainable Fuels Group.
The project has entered into an agreement with International-Matex Tank Terminals (IMTT), a terminaling and logistics company, to provide ammonia storage and handling services. Located along the Gulf Coast, the project has commenced detailed engineering (FEED) and will initially consist of two phases, each with a production capacity of 4,000 tons per day (~3.0 million tons of annual production from both phases) once operational in 2027.
The Kirkland team was led by corporate partner Stephen Noh and associate Jack Chadderdon; debt finance partner Rob Eberhardt; tax partner Mike Masri; and executive compensation partner Rob Fowler.
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