CF Fertilisers UK Announces Proposal to Permanently Close Ammonia Plant at Billingham Complex
25 Julio 2023 - 6:45AM
Business Wire
Company Intends to Continue to Import Ammonia
to Produce Ammonium Nitrate Fertiliser and Nitric Acid at
Billingham Site for U.K. Customers
CF Fertilisers UK Limited, a subsidiary of CF Industries
Holdings, Inc. (NYSE: CF), today announced a proposal to
permanently close the ammonia plant at its Billingham Complex in
order to secure the long-term sustainability of its business in the
United Kingdom (U.K.) and more efficiently serve its customers in
the country. The Company intends to continue to produce ammonium
nitrate (AN) fertiliser and nitric acid at the Billingham site
using imported ammonia, as it has for the last 10 months following
its decision to temporarily idle the plant in August 2022.
CF Fertilisers UK has made this proposal due to its forecast
that producing ammonia at Billingham will not be cost-competitive
for the long-term compared to importing ammonia due primarily to
projected high natural gas prices in the United Kingdom relative to
other regions and the impact of carbon costs. Additionally,
shutdowns in recent years of industrial customers’ U.K. operations
that had consumed significant ammonia volumes for their businesses
have created a supply-demand imbalance for ammonia production at
the Billingham Complex. The Company believes that ample global
availability of ammonia for import, including from CF Industries’
North American production network, will enable more
cost-competitive and efficient production and sales of ammonium
nitrate fertiliser and nitric acid for its U.K. agriculture and
chemicals customers moving forward.
The Company’s proposal to permanently close the ammonia plant at
its Billingham Complex could result in up to 38 redundancies at the
site, in relation to which it will be entering into the required
collective redundancy consultation process with its recognised
union, Unite, and elected employee representatives. The Company
anticipates that some of the proposed redundancies might be avoided
by redeployment opportunities.
About CF Industries Holdings,
Inc.
At CF Industries, our mission is to provide clean energy to feed
and fuel the world sustainably. With our employees focused on safe
and reliable operations, environmental stewardship, and disciplined
capital and corporate management, we are on a path to decarbonize
our ammonia production network – the world’s largest – to enable
green and blue hydrogen and nitrogen products for energy,
fertilizer, emissions abatement and other industrial activities.
Our manufacturing complexes in the United States, Canada, and the
United Kingdom, an unparalleled storage, transportation and
distribution network in North America, and logistics capabilities
enabling a global reach underpin our strategy to leverage our
unique capabilities to accelerate the world’s transition to clean
energy. CF Industries routinely posts investor announcements and
additional information on the Company’s website at
www.cfindustries.com and encourages those interested in the Company
to check there frequently.
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version on businesswire.com: https://www.businesswire.com/news/home/20230724225994/en/
Media Chris Close Senior Director, Corporate
Communications 847-405-2542 – cclose@cfindustries.com
Investors Darla Rivera Director, Investor Relations
847-405-2045 – darla.rivera@cfindustries.com
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