Air Liquide says reduced ammonia production hit its CO2 supplies
Reuters
Published Aug 30, 2022 17:46
(Reuters) - Air Liquide (EPA:AIRP) said on Tuesday ammonia production stoppages impacted its carbon dioxide supplies, adding that it was actively working to limit the impact of these shortages on its clients.
Chemical companies, most of them in the fertiliser sector, produce CO2 as a byproduct, but as energy prices soar, many of them halted or reduced production.
"Ammonia producers we mainly source CO2 from shut down their operations and, as a consequence, our supply", Air Liquide said in an e-mailed statement, adding its teams were "fully mobilized to limit the impact these tensions may have on client activities."
Last week, Polish chemical firm Grupa Azoty's Pulawy said it was producing carbon dioxide at less than a third of nominal capacity while the Polish unit of Danish beer maker Carlsberg (CSE:CARLa) said it might have to stop production due to a shortage of CO2 supplies.
Air Liquide sells various products containing carbon dioxide to industry clients, ranging from drugs packaging to arc welding.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.