Caribbean Nitrogen Co. (CNC) said Jan. 24 that it has been forced to immediately shut down its 650,000 mt/y ammonia plant on the Point Lisas Industrial Estate in Trinidad. It said the shutdown is a result of action taken by the National Gas Co. of Trinidad and Tobago (NGC) to cut off gas supply to the plant. CNC said it has been in a talks with NGC for almost a year and it has accepted multiple interim extensions of gas supply, up until Jan. 23.
CNC is owned by The Proman Group, Koch Ag & Energy Solutions and EOG Resources. Koch has an offtake agreement for the ammonia.
Major players have concluded February ammonia business at Tampa at $340/mt CFR, down $15/mt from January’s $355/mt CFR. Sources had been expecting a drop in pricing or a rollover at best.
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