Food Collapse:
Yara has now closed another European fertilizer plant - due to the cost of energy.
Yara’s site in Wallonia has been offline from 15 September. It is no longer financially viable to make fertiliser in Europe, given that natural gas is key to the process.
They aren’t alone. Steel producers, yarn factories, are all shutting down…
https://www.brusselstimes.com/belgium/278843/spiralling-energy-costs-force-belgian-companies-to-shut-down
#Deindustrialization #AbsoluteZero @iceagefarmer
Yara has now closed another European fertilizer plant - due to the cost of energy.
Yara’s site in Wallonia has been offline from 15 September. It is no longer financially viable to make fertiliser in Europe, given that natural gas is key to the process.
They aren’t alone. Steel producers, yarn factories, are all shutting down…
https://www.brusselstimes.com/belgium/278843/spiralling-energy-costs-force-belgian-companies-to-shut-down
#Deindustrialization #AbsoluteZero @iceagefarmer
The Brussels Times
Spiralling energy costs force Belgian companies to shut down
“In the past, we spent tens of millions of euros per year on gas and electricity; at current prices, it is several tens of millions per month.”