JERA finalizes billion-dollar loan for Blue Point project

Click to learn more. JBIC will provide the bulk of a loan to JERA to finance its investment in the Blue Point mega-project in the USA.

A co-financed loan for more than one million USD has been secured by JERA to finance its investment in the Blue Point production project in Louisiana, USA. Led by the Japan Bank for International Cooperation (JBIC), the loan is cofinanced with Sumitomo Mitsui Banking Corporation, Mizuho Bank, and SBI Shinsei Bank, with JBIC’s portion accounting for up to JPY150 billion ($945 million). In July 2025, JBIC and Sumitomo Mitsui co-financed a billion dollar loan for Mitsui & Co., securing finance for its part in Blue Point.

JERA, Mitsui & Co. and CF Industries agreed to a joint venture structure for the Blue Point project in early 2025 when FID was reached: CF Industries will hold 40% ownership, JERA 35%, and Mitsui 25%. The partners will jointly fund the ~$4 billion facility, which will have a nameplate production capacity of around 1.4 million tons of CCS-based ammonia per year. Product offtake will be handled independently by the three partners, also according to their final ownership percentage.

The investment loan adds to the award of contract-for-difference subsidies by the Japanese government to JERA  for the import of ammonia from the Blue Point project. Time charter contracts with Mitsui O.S.K. Lines and NYK have been signed to transport ammonia from Louisiana to JERA’s Hekinan Thermal Power Station in Hekinan City, Aichi Prefecture, where it will be commercially co-fired, and a series of modifications to the Hekinan facility (including import infrastructure) have been completed as part of the supply chain.

This loan will contribute to the establishment of a supply chain such as hydrogen with an eye on the realization of a decarbonized society and the stability of low-carbon ammonia, which is an important energy resource for Japan, through JERA’s overseas business support. In addition, while the Government of Japan is promoting the supply and use of low-carbon hydrogen, it will support Japanese companies that invest in projects such as low-carbon hydrogen in the early morning, and in accordance with the energy policy set forth by the Government of Japan.

JBIC will continue to contribute to the securing of a stable supply of Japan’s energy resources and to respond to energy transformation toward the realization of a decarbonized society by providing financial support for overseas business deployment by Japanese companies.

Via Google Translate, from JBIC’s official press release, 27 Feb 2026