Hogan Lovells advised Mabanaft in an ammonia plant joint venture project financing

Houston, 9 January 2020 – International law firm Hogan Lovells advised Mabanaft GmbH & Co KG in a joint venture with Starwood Energy Group to non-recourse project financing for Gulf Coast Ammonia to build its world-scale anhydrous ammonia plant in Texas.

The facility will have a production capacity of approximately 1.3 million tons of ammonia per year and will purchase hydrogen and nitrogen gases as feedstock, providing for significant capital efficiency and reduced air emissions. Construction of the facility will begin in early 2020 with commissioning expected in the first half of 2023. GCA'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.

The transaction closed on December 30, 2019. Other material terms of the transaction are not being disclosed.

Mabanaft’s in house legal department was led by Kelley A. Day (Senior Legal Counsel), and included Rita Pearson-Schwandt (Senior Legal Counsel).

The Hogan Lovells team was led by Greg Hill, Houston-based M&A/Energy partner, and included M&A/Energy senior associate Lyndsay Montour, Infrastructure/Projects partner David Locascio, and a number of other attorneys located throughout the firm’s offices in the US and Germany.

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