BASF "curtails" ammonia production in two locations due to gas prices

BASF said it "curtailed" its ammonia production at its production sites in Antwerp and Ludwigshafen.

"Due to the recent rise on natural gas prices in Europe, the economics for operating an ammonia plant in the region has become extremely challenging," said the company in a statement.

The company said it will continuously "monitor the gas price development and adjust its ammonia production accordingly."