Against the backdrop of soaring natural gas prices and the squeeze this is putting on both the energy sector and various industries in Europe, further fertiliser plant closures have now been confirmed.
Yesterday (Thursday) it was announced that CF Industries had closed its two plants in the UK in Ince and Billingham, due to the current pricing dynamics. No estimated timeline was given for operations to resume.
Yara International has today announced that it is curtailing ammonia production at a number of its European sites, citing the record high gas prices and the impact on margins.
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