Nutrien Ltd. has announced that it will be shutting down one of its ammonia plants in T&T for a minimum of three months.
In a news release issued a short while ago, the company said it “has made the difficult decision to temporarily shut down one of the four ammonia (NH3) plants at its Trinidad facility.”
According to Nutrien, 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 the release said.
“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,” the release ended.
This is the third petrochemical plant to shut down on the estate since the start of the year, with Yara shutting its doors for good and Methanex not producing at its Titan plant after failing to reach an agreement with the NGC on a new natural gas price.
It’s another dagger in the heart of T&T’s petrochemical sector, which has been struggling for the last five years under low commodity prices and the concomitant relatively high prices for natural gas, the main feedstock in the production of methanol, ammonia and urea.
More to come as story develops.