CF Fertilisers UK Temporarily Halts Ammonia Production At Billingham On Soaring Natural Gas Prices

CF Industries Holdings, Inc. CF subsidiary, CF Fertilisers UK, plans to temporarily halt ammonia production at the Billingham Complex, citing market conditions.
The company specified that CF Fertilisers UK's ammonia production is uneconomical at current natural gas and carbon prices.
CF Fertilisers UK intends to use the site's capability to import ammonia to enable it to continue to run its ammonium nitrate (AN) and nitric acid upgrade plants.
In addition, CO2 production, a byproduct of the ammonia production process, will stop until the plant is restarted.
CF Fertilisers UK does not anticipate any impact on employees, given the substantial activity that will continue to occur at Billingham.
In a related move, Grupa Azoty has decided to scale down the operation of its Fertilizer Production Unit to the minimum capacity of 43%, reflecting record high prices for natural gas.
Price Action: CF shares are trading higher by 2.24% at $111.50 on the last check Wednesday.
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