Terra Nitrogen Co. LP reports that during the first quarter of 2016, the company experienced an unscheduled outage for maintenance on one of the facility’s two ammonia plants at Verdigris, Okla., which will result in approximately one-half of the complex being shut down for approximately two months.
Terra said this will result in lower ammonia and UAN production, lower sales and lower profitability during the period, which will reduce available cash for distributions to unitholders. Additionally, Terra said planned maintenance, capital expenditures, and turnarounds are subject to change due to delays in regulatory approvals, and/or permitting, unanticipated increases in cost, changes in scope and completion time, performance of third parties, adverse weather, defects in materials, and workmanship, labor or material shortages, transportation constraints, and other unforeseen difficulties.
Terra is majority-owned by CF Industries Holdings Inc.