US LSB to install new converter at Pryor ammonia plant in Q4

11 October 2012 15:26  [Source: ICIS news]

HOUSTON (ICIS)--LSB Industries expects to install a new ammonia converter at its ammonia plant in Pryor, Oklahoma, in the fourth quarter, the US-based producer said on Thursday.

The converter, replacing six small converters, will allow LSB to bring the plant back to its targeted production rate of about 600 tonnes/day, it said.

The plant had continual problems with its ammonia conversion process, producing only about 28,000 tonne/year of ammonia in the third quarter – 50% below its target rate. This resulted in lost operating income of about $14m (€11m) during the quarter, said LSB.

LSB also said that the third quarter was affected by lost profits and additional expenses at its site in El Dorado, Arkansas, following an explosion in May.

The explosion destroyed a nitric acid plant and caused damage to other nitric acid plants at the site. LSB has completed repairs to three nitric acid plants and most of the repairs to other equipment damaged by the explosion, it said.

LSB is a manufacturer and marketer of climate-control products and chemicals for the agricultural, mining and industrial markets.

($1 = €0.78)

By: Stefan Baumgarten
+1 713 525 2653

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