Low Prices Keep Gas-Reliant Fertilizer Industry Operating Near Capacity
Ryan Dusek, Director in Opportune's Commodity Risk Advisory Group, was recently quoted in Energy Intelligence offering insight into the impact of low natural gas prices in the fertilizer industry. Major capacity in fertilizer production has ground to a halt despite recent natural gas price declines.
"With natural gas prices currently hovering at three-year lows under $2.50/MMBtu, this could be a great opportunity for the fertilizer industry. However, natural gas prices explain less than 50% of capacity growth."