LSB Industries, Inc. Announces That Its El Dorado, Arkansas Facility’s Ammonia Plant is Operating at Nameplate Capacity (6/29/16)
OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (NYSE: LXU) (“LSB or the Company”) announced today that its new 375,000 ton ammonia plant at its El Dorado, Arkansas facility (“El Dorado”) has been producing ammonia at an average rate of 1,150 tons per day, the plant’s nameplate capacity, since June 22, 2016. Since that date, El Dorado has been a net seller of ammonia, with all ammonia that the facility has not upgraded into other products being sold to Koch Fertilizer via pipeline under the previously announced three-year offtake agreement.
Daniel Greenwell, LSB’s Chief Executive Officer, stated, “Attaining nameplate capacity at our new ammonia plant is the culmination of a multi-year expansion project at our El Dorado Facility, and we’d like to thank and congratulate our team there for seeing the project through to completion despite the challenges along the way. The addition of ammonia production capabilities at El Dorado will be transformative to that facility’s economics, which we expect to be reflected in LSB’s overall financial performance in the second half of 2016.”
About LSB Industries, Inc.
LSB is a manufacturing company. LSB’s principal business activities consist of the manufacture and sale of chemical products for the agricultural, mining, and industrial markets, and the manufacture and sale of commercial and residential climate control products, such as water source and geothermal heat pumps, hydronic fan coils, modular chillers, large custom air handlers and make-up air units.
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