World’s Largest Chemical Company to Produce Less Ammonia, a Key Fertilizer Ingredient

The world’s largest chemical company, Germany’s BASF, is set to further cut its production of ammonia—a key ingredient of fertilizer—amid soaring gas prices. “We are reducing production at facilities that require large volumes of natural gas, such as ammonia plants,” BASF Chief Executive Martin Brudermueller said in a media call on July 27 after the release of the company’s results for the second quarter of 2022.-- More...