The Mosaic Co., Plymouth, Minn., is seeking the continued idling of its Plant City, Fla., plant. Mosaic CFO Clint Freeland told attendees at the Morgan Stanley Global Chemicals Conference Nov. 13 that the company has made the request to Florida state regulatory officials.
The company took the 2 million mt/y capacity plant down at the end of 2017 (GM Nov. 3, 2017). The plant had been producing at a rate of approximately 1.5 million mt/y. Mosaic said it took the plant down to ensure minimal market disruption from new capacity additions, including Mosaic’s Saudi Arabian joint venture, Ma’aden. It said the move would result in higher phosphate margins and lower capital requirements.