4R Partner CF Industries Holdings, Inc. (NYSE:CF), a global leader in nitrogen
fertilizer manufacturing, has completed the sale of a large block of carbon
reduction credits to Chevrolet. CF Industries
will donate the net proceeds of $600,000 to the National FFA Foundation to
support excellence in farmer education and fertilizer best management
practices.
CF Industries generated the carbon
credits by voluntarily implementing nitrous oxide abatement technologies to reduce
greenhouse gas emissions. The company
began implementing the abatement technologies in 2008.
“Our
products help farmers feed the world and this unique transaction will benefit a
great organization teaching the next generation of farmers how to succeed,” said
Tony Will, CF Industries’ president and chief executive officer. “This is a first-of-its-kind undertaking for
our industry, and we are pleased to partner with Chevrolet in support of
America’s future famers.”
CF
Industries supports educational programs that promote fertilizer best
management practices, including the 4R Nutrient Stewardship Program, to teach
farmers how to apply the right fertilizers at the right rate, at the right time
and in the right place. The fertilizer
industry is an important part of modern agriculture, helping farmers to achieve
the high-yield harvests essential to our growing global population.
FFA’s Chief
Executive Officer Dr. W. Dwight Armstrong said, “CF Industries believes in the
science-based curriculum and experience model of FFA and agricultural
education. We are thrilled they are building on their history of support for
FFA by using these carbon credits to help the next generation of agricultural
leaders.”
The National
FFA Organization provides leadership, personal growth and career success
training through agricultural education to 579,678 student members in grades
seven through 12 who belong to one of 7,570 local FFA chapters throughout the
U.S., Puerto Rico and the Virgin Islands.
Through
Chevrolet’s voluntary Carbon Reduction Initiative, the brand committed to purchase
up to 8 million tons of carbon credits from a variety of clean energy projects
and technologies in communities across the United States. Chevrolet retires the carbon credits for the
benefit of the environment, meaning they will not be used to offset emissions
related to specific Chevrolet operations or products — or those at any other
site.
“Beyond
building fuel-efficient vehicles and reducing the environmental impact of our
manufacturing facilities, Chevrolet seeks to support innovative,
carbon-reducing projects that people around the U.S. are implementing,” said
David Tulauskas, GM sustainability director. “CF Industries is a great example. The company is working not only to reduce the
environmental impact of the fertilizer manufacturing process, but to strengthen
the next generation of farmers with the latest knowledge about responsible
agricultural practices.”
About CF Industries Holdings,
Inc.
CF
Industries Holdings, Inc., through its subsidiaries, is a global leader in
nitrogen fertilizer manufacturing and distribution, serving both agricultural
and industrial customers. CF Industries,
headquartered in Deerfield, Illinois, operates world-class nitrogen fertilizer
manufacturing complexes in the central United States and Canada and distributes
plant nutrients through a system of terminals, warehouses, and associated
transportation equipment located primarily in the midwestern United States. The company also owns 50 percent interests in
GrowHow UK Limited, a fertilizer manufacturer in the United Kingdom; an ammonia
facility in the Republic of Trinidad and Tobago; and KEYTRADE AG, a global
fertilizer trading organization headquartered near Zurich, Switzerland. For more information, visit www.cfindustries.com.
About Chevrolet
Founded in
1911 in Detroit, Chevrolet is
now one of the world’s largest car brands, doing business in more than 140
countries and selling more than 4.9 million cars and trucks a year. Chevrolet provides customers with
fuel-efficient vehicles that feature spirited performance, expressive design
and high quality. More information on
Chevrolet models can be found at www.chevrolet.com.
About
National FFA Organization
The National
FFA Organization is a national youth organization of 579,678 student members as
part of 7,570 local FFA chapters in all 50 states, Puerto Rico and the Virgin
Islands. The FFA mission is to make a positive difference in the lives of
students by developing their potential for premier leadership, personal growth
and career success through agricultural education. The National FFA
Organization operates under a federal charter granted by the 81st United States
Congress and it is an integral part of public instruction in agriculture. The
U.S. Department of Education provides leadership and helps set direction for
FFA as a service to state and local agricultural education programs. For more,
visit the National FFA Organization online at FFA.org, on Facebook, Twitter and
the official National FFA Organization blog.
About
National FFA Foundation
The National
FFA Foundation builds partnerships with industry, education, government, other
foundations and individuals to secure financial resources that recognize FFA
member achievements, develop student leaders and support the future of
agricultural education. Governed by a 19-member board of trustees comprised of
educators, business leaders, individual donors and FFA alumni, the foundation
is a separately-registered nonprofit organization. About 82 percent of every
dollar received by the foundation supports FFA members and agricultural
education opportunities. For more, visit FFA.org/Give.