Grupa Azoty halts production of fertilizers due to high gas prices

Grupa Azoty Zaklady Azotowe Pulawy SA

23/08/2022 06:54

GDANSK, Aug 23 (Reuters) - Polish chemicals firm Grupa Azoty
 ATTP.WA  said it was temporarily halting production at its
plants making nitrogen fertilizers, caprolactams and nylon 6 due
to an unprecedented rise in natural gas prices.
    "The current situation in the natural gas market, which
determines the profitability of production, is exceptional,
completely independent of the company and impossible to forsee,"
the company said in a regulatory filing on Monday.
    Grupa Azoty said it would carry out investment processes and
maintenance during the standstill and would continue to produce
catalyzers, polyamide film, humic acid, thermoplastic starch and
concentrated nitric acid.
    Grupa Azoty also said its unit Grupa Azoty Zaklady Azotowe
Pulawy  ZAPP.WA  was cutting production of ammonium down to
about 10% capacity, citing gas prices, after suspending
production of melamine earlier in August. urn:newsml:reuters.com:*:nL8N2ZN1RS

 (Reporting by Karol Badohal; Editing by Kim Coghill)
 ((karl.badohal@thomsonreuters.com; +48 58 769 65 97;))