Oslo | Reuters — Norway’s Yara is curtailing ammonia production at a number of plants due to a surge in the price of natural gas, the fertilizer maker said Friday.
“Record high natural gas prices in Europe are impacting ammonia production margins,” Yara said in a statement.
“Including optimization of ongoing maintenance, Yara will by next week have curtailed around 40 per cent of its European ammonia production capacity,” it said.
Yara said it will continue to monitor the situation, with an objective to keep supplying customers but curtailing production where necessary.
The Norwegian firm’s Canadian operations include a fertilizer import terminal in Quebec and the former Saskferco nitrogen fertilizer plant in southern Saskatchewan.
— Reporting for Reuters by Terje Solsvik in Oslo.