Chemicals giant BASF has become the latest to curtail certain fertilisers production capacity, due to the ‘extremely challenging’ economics at the hands of high natural gas prices.
The company has curtailed ammonia production at both its Antwerp and Ludwigshafen plants in Belgium and Germany.
“Due to the recent rise on natural gas prices in Europe, the economics for operating an ammonia plant in the region has become extremely challenging,” the company said in a statement. “As a result, BASF has curtailed its ammonia production at its production sites in Antwerp and Ludwigshafen.”
“BASF will continuously monitor the gas price development and adjust its ammonia production accordingly.”
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