Market Trend BASF Cuts Ammonia Production Amidst Europe’s Natural Gas Price Woes
Due to the increase in natural gas prices in the European market, BASF has now curtailed its ammonia production at its sites in Antwerp, Belgium and Ludwigshafen, Germany. The move follows Yara’s recent announcement of curtailing around 40 % of its ammonia production across its numerous plants in Europe.
Ludwigshafen/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. As a result, BASF has curtailed its ammonia production at its production sites in Antwerp, Belgium and Ludwigshafen, Germany.
BASF will continuously monitor the gas price development and adjust its ammonia production accordingly.