BP plc clinched a deal to sell 2.2 Bcf of certified natural gas this year to fertilizer giant CF Industries Holdings Inc.

CF-Industries

CF, which uses natural gas as feedstock, said the sale of the independently certified natural gas is the first of its kind for use in industrial manufacturing. Financial details of the transaction were not disclosed.

“This initial purchase of certified natural gas is an important step in CF Industries’ decarbonization journey and reinforces our commitment to be at the forefront of low-carbon ammonia production,” said CEO Tony Will. “The independent, transparent and third party-audited process to validate lower methane emissions intensity ensures that we are genuinely achieving Scope 3 emissions reductions from purchasing certified natural...