LSB Industries, Inc. announced that its Pryor, Okla., chemical facility was fully operational and began producing all products on Jan. 17, 2016. As announced on Dec.r 27, 2015, both Pryor's urea and urea ammonium nitrate (UAN) plants were taken down when the facility's production of nitric acid (a component of UAN) had to be halted in order to repair a leaking joint in that plant.
LSB also provided an update on the status of the expansion project at its El Dorado, Ark., facility ("EDC expansion"). As previously announced, the new nitric acid plant and concentrator are in production. The 375,000 ton per year ammonia plant remains on schedule to be mechanically complete in February of 2016 with ammonia production beginning early in the second quarter of 2016. As of Jan. 10, 2016, the ammonia plant was approximately 93% mechanically complete and the cost estimate to complete the EDC expansion remained in the $831 million to $855 million range, as articulated in LSB's third quarter 2015 earnings press release on Nov. 6, 2015.
Additionally, LSB announced that Michael Foster has been appointed senior vice president, general counsel and secretary effective Jan. 5, 2016. Foster assumes the role from David Shear, who has resigned to pursue personal interests.