Dusseldorf The extremely high price of gas is hitting European fertilizer manufacturers hard. At least 70 percent of the capacities for nitrogen fertilizers in Europe have now been throttled or shut down completely, as current figures from the industry association Fertilizers Europe (FE) and the market researcher ICIS show.
Company representatives and industry associations are openly calling for state aid for the ailing fertilizer industry, because the crisis could also have drastic effects in the medium term. Experts fear that fertilizer production could disappear entirely from Europe, leaving the continent dangerously dependent on imports. In regions with cheaper natural gas, such as the Persian Gulf, many new plants are currently being commissioned or built.
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