June 12 (Reuters) - Nutrien ( NTR ) on Wednesday said

it was no longer pursuing its clean ammonia project in

Louisiana, and would also be reviewing strategic options for its

50% ownership in Profertil, an Argentinian fertilizer company.

The company had in 2023 indefinitely halted work on its

clean ammonia project at Geismar, Louisiana.

The company, whose investor call is due later today, said in

a release that it intends to reduce controllable costs across

its operations by nearly $200 million by 2026 while maintaining

an average capex of $2.2 to $2.3 billion through 2026.

It is also aiming for potash and nitrogen sales volume

growth of approximately 2-3 million tonnes by 2026, compared to

2023 levels.

"Our simplified and focused plan prioritizes initiatives

that enhance our ability to serve growers in our core markets,

maintain the low-cost position and reliability of our assets,

and improve the quality of our earnings and free cash flow,"

said Ken Seitz, Nutrien's ( NTR ) CEO.