Recently, LSB Industries, Inc., announced that on Saturday, January 14, 2023, it started the phased restart of its Cherokee, AL ("Cherokee") facility, which had been shut down in late December 2022 due to the extreme cold weather that affected most of the United States.
LSB management now expects fourth-quarter 2022 adjusted EBITDA to be in the range of $100 million to $105 million, which includes the earlier announced $5 million to $7 million effect on operating profit from the Cherokee outage, as well as the effects of December price declines in ammonia and other nitrogen products.
The Cherokee, AL facility focuses on the following products
Agricultural Products
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Ammonia
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Urea ammonium nitrate (UAN)
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Urea
Industrial & Mining Products
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Carbon dioxide
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Ammonium nitrate solutions
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Nitric acid
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Diesel exhaust fluid (DEF)
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Anhydrous ammonia – refrigerant, commercial, and metallurgical grades
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, produces and sells chemical products for the mining, agricultural, and industrial markets. The firm owns and operates facilities in El Dorado, Arkansas, Cherokee, Alabama, and Pryor, Oklahoma, as well as a site for a global chemical company in Baytown, Texas. Its products are primarily sold via distributors and directly to end users across the United States. Committed to bettering the world by establishing goals that will reduce the environmental impact on the planet and improve the standard of living for all of its employees, the company is well-positioned to play a vital role in minimizing global carbon emissions through its planned carbon capture and sequestration and zero-carbon ammonia strategies.