Nutrien is no longer pursuing the Geismar clean ammonia project

SASKATOON, Sask. — Nutrien says it is no longer pursuing its Geismar clean ammonia project as part of a move to simplify its portfolio and focus on its core assets.

The company made the announcement in a press release ahead of its annual investor day.

The Saskatoon-based company announced last year that it was suspending the project after a period of unprecedented volatility in fertilizer markets.

It also announced at the time that it was suspending a planned ramp-up of potash production indefinitely.

In May, Nutrien President and CEO Ken Seitz said the company was encouraged by strong demand and continued market stabilization in the first quarter of the year.

Nutrien said Wednesday that the company is prioritizing investments to improve its North American fertilizer production assets, among other initiatives.

This report by The Canadian Press was first published on June 12, 2024.

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The Canadian Press