Nutrien Litd. has shutdown one of its four ammonia plants in Trinidad, for a period of three months. Nutrien says the key reason is current market prices for ammonia.
In an official statement issued today, the Company stated that the remaining three plants in Trinidad will continue to operate, as normal.
The official statement by the company, follows…
NUTRIEN ANNOUNCES TEMPORARY SHUTDOWN AT TRINIDAD AMMONIA FACILITY
Saskatoon, Saskatchewan – Nutrien Ltd. announced today that it has made the difficult decision to temporarily shut down one of the four ammonia (NH3) plants at its Trinidad facility. The temporary shutdown is in response to the current market price of ammonia. The plant has an annual ammonia capacity of 600,000 metric tonnes per year. The other three ammonia plants and one urea facility at the site will continue to operate at normal rates.
We expect the shutdown to last for a minimum of three months. We will continue to monitor market conditions going forward as we assess any further changes in production.
* About Nutrien
Nutrien is the world’s largest provider of crop inputs and services, playing a critical role in helping growers increase food production in a sustainable manner. We produce and distribute 25 million tonnes of potash, nitrogen and phosphate products world-wide. With this capability and our leading agriculture retail network, we are well positioned to supply the needs of our customers. We operate with a long-term view and are committed to working with our stakeholders as we address our economic, environmental and social priorities. The scale and diversity of our integrated portfolio provides a stable earnings base, multiple avenues for growth and the opportunity to return capital to shareholders.