Nutrien shuts down Trinidad nitrogen operations

Executive Summary

• Nutrien Ltd. has initiated a controlled shutdown of its nitrogen operations at the Point Lisas facility in Trinidad, effective October 23, 2025.
• The decision is driven by port access restrictions imposed by the National Energy Corp. (NEC) and a lack of reliable, economic natural gas supply, which has negatively impacted free cash flow.
• Despite the shutdown, Nutrien expects to remain within its 2025 annual nitrogen sales volume guidance range of 10.7 million to 11.2 million tonnes, supported by strong performance in North American operations.

Key Details

• Shutdown Date: Effective October 23, 2025.
• Location: Point Lisas facility, Trinidad.
• Reasons for Shutdown:
  • Port access restrictions imposed by Trinidad and Tobago's National Energy Corp. (NEC).
  • Lack of reliable and economic natural gas supply.
  • Extended period of reduced free cash flow contribution from the Trinidad nitrogen operations.
• Operational Volume Impact:
  • Ammonia sales volumes from Trinidad: Approximately 85,000 tonnes per month.
  • Urea sales volumes from Trinidad: Approximately 55,000 tonnes per month.
• Guidance Impact: Nutrien expects to stay within its 2025 annual nitrogen sales volume guidance of 10.7 million to 11.2 million tonnes.
• Future Outlook: Nutrien will continue to engage with stakeholders and assess options regarding its operations in Trinidad.

Notable Quotes

• "This shutdown is in response to port access restrictions imposed by Trinidad and Tobago's National Energy Corp. (NEC) and a lack of reliable and economic natural gas supply that has reduced the free cash flow contribution of the Trinidad nitrogen operations over an extended period of time."