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NuÂtrien LimÂitÂed has anÂnounced a conÂtrolled shutÂdown of its Trinidad NiÂtroÂgen opÂerÂaÂtions at Point Lisas, efÂfecÂtive OcÂtoÂber 23. The comÂpaÂny says the move folÂlows port acÂcess reÂstricÂtions imÂposed by the NaÂtionÂal EnÂerÂgy CorÂpoÂraÂtion and an unÂreÂliÂable natÂurÂal gas supÂply that has weakÂened the plant’s fiÂnanÂcial perÂforÂmance. NuÂtrien says it will conÂtinÂue to enÂgage with stakeÂholdÂers and exÂplore its opÂtions for the fuÂture of its Trinidad opÂerÂaÂtions.
In an inÂterÂnal email to staff, Vice PresÂiÂdent and ManÂagÂing DiÂrecÂtor EdÂmond ThompÂson said NuÂtrien had been disÂputÂing NEC’s claim that it owes sevÂerÂal milÂlion dolÂlars in retroacÂtive port serÂvice fees. But with NEC now movÂing to reÂstrict port acÂcess, the comÂpaÂny has no choice but to beÂgin a conÂtrolled temÂpoÂrary shutÂdown. ThompÂson said a deÂtailed plan will be shared soon and that some temÂpoÂrary layÂoffs may be necÂesÂsary, though a small team will stay on to mainÂtain esÂsenÂtial serÂvices. He alÂso urged staff to conÂtinÂue reÂportÂing for duÂty and diÂrectÂed meÂdia queries to NuÂtrien’s comÂmuÂniÂcaÂtions team.
ReÂactÂing to the deÂvelÂopÂment, forÂmer enÂerÂgy minÂisÂter StuÂart Young deÂscribed it as “the first sign of colÂlapse of the enÂerÂgy secÂtor unÂder the UNC GovÂernÂment.” He acÂcused Prime MinÂisÂter KamÂla PerÂsad-BissesÂsar and her minÂisÂters of deÂstroyÂing inÂvestor conÂfiÂdence and driÂving the Point Lisas esÂtate inÂto criÂsis, warnÂing that their hanÂdling of the secÂtor will damÂage both inÂvestÂment and naÂtionÂal revÂenue.
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