(file photo/farmnewsNOW Staff)

By The Canadian Press

Nutrien gives up on clean ammonia project

Clean ammonia project shuttered

Jun 13, 2024 | 11:23 AM

Nutrien said it’s no longer pursuing its Geismar clean ammonia project as part of a move to simplify its portfolio and focus on its core assets.

The Saskatoon-based company announced last year it was suspending the project after a period of unprecedented volatility in fertilizer markets.

It also announced at the time it was indefinitely pausing a planned ramp-up in potash production.

In May, Nutrien president and CEO Ken Seitz said the company was encouraged by strong demand and continued market stabilization in the first quarter of the year.

The company is prioritizing investments to enhance its North American fertilizer production assets, among other initiatives.

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The announcement was made in a press release ahead of its annual investor day.

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The Canadian Press