- Natural gas prices in Europe have risen.
- Ammonia production has become economically challenging.
- BASF curtailed production in Antwerp and Ludwigshafen.
- Production will be adjusted based on gas price developments.
Impact of Rising Natural Gas Prices
Due to the recent increase in natural gas prices in Europe, the economic feasibility of operating ammonia plants in the region has become significantly challenging. This surge in costs has directly impacted the production strategies of major chemical companies.
BASF's Response
In response to these economic pressures, BASF has decided to curtail its ammonia production at its key production sites located in Antwerp and Ludwigshafen. This decision reflects the company's need to adapt to the volatile energy market and manage operational costs effectively.
Future Adjustments
BASF will continue to closely monitor the development of natural gas prices and will adjust its ammonia production levels accordingly. This approach allows the company to remain flexible and responsive to market conditions, ensuring that production aligns with economic viability.
