Duslo may stop production

A recent steep rise in natural gas, emission allowance, and electricity prices may lead to a production shutdown at fertilizer manufacturer Duslo Šaľa, says its CEO Petr Bláha. “We are generating a brutal loss,” he explained. Natural gas accounts for 50% of costs and its price rose from last year’s €14 per MWh to the current €70. Over the last two weeks, six fertilizer plants in the UK, Austria, Spain and Poland have stopped production. The Slovak price of electricity for large companies is 30% higher than in Austria and 50-60% higher than in Czechia, Poland, and Hungary. Duslo is demanding compensation for high prices of emission allowances.

(trend.sk)