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Nutrien Announces Plans to Increase Fertilizer Production Capability and Return Additional Capital to Shareholders

Ramping up potash production capability to 18 million tonnes by 2025 and planning for approximately $2 billion in additional share repurchases in 2022

Nutrien Ltd (TSX and NYSE: NTR) announced today it plans to increase fertilizer production capability in response to structural changes in global energy, agriculture and fertilizer markets. The company is hosting a virtual investor update meeting today at 10:30 am EDT and will provide details on its strategic growth and capital allocation plans at this event.

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Nutrien Announces Intention to Build World's Largest Clean Ammonia Production Facility

Evaluating existing Geismar, Louisiana site to produce 1.2 million tonnes of clean ammonia annually

Nutrien Ltd. (TSX and NYSE: NTR) announced today that it is evaluating Geismar, LA as the site to build the world's largest clean ammonia facility. Building on the company's expertise in low-carbon ammonia production, clean ammonia will be manufactured using innovative technology to achieve at least a 90 percent reduction in CO 2 emissions. The project will proceed to the front-end engineering design (FEED) phase, with a final investment decision expected to follow in 2023. If approved, construction of the approximately US$2 billion facility would begin in 2024 with full production expected by 2027.

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Denbury and Nutrien Announce Agreement for Transportation and Storage of CO2 to be Captured from Nutrien's Planned Clean Ammonia Project in Geismar, Louisiana

Significantly expands longstanding and successful CCUS partnership

Denbury Carbon Solutions, LLC, a wholly owned subsidiary of Denbury Inc. (NYSE: DEN) ("Denbury"), and PCS Nitrogen Fertilizer L.P., a wholly owned subsidiary of Nutrien Ltd. (TSX and NYSE: NTR) ("Nutrien"), today announced that the parties have reached a term-sheet agreement under which Denbury would transport and store carbon dioxide (CO 2 ) captured from Nutrien's potential new clean ammonia project at its Geismar, Louisiana location.

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