The world’s largest chemical company, Germany’s BASF, is set to further cut production of key fertilizer ingredient ammonia.
BASF cited energy shortages for the reduction.
The move comes as the farming industry is already battling with shortages of fertilizer, water , and other essentials amid soaring gas prices.“We are reducing production at facilities that require large volumes of natural gas, such as ammonia plants,” BASF Chief Executive Martin Brudermueller said in a statement this week.He announced the reduction after the release of the company’s results for the second quarter of 2022.In September 2021, BASF cut ammonia production at its headquarters in […]
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