LSB Industries Inc. announced today its El Dorado Nitrogen LP subsidiary, has signed a seven-year extension with Bayer MaterialScience LLC to supply Bayer with its requirement of nitric acid. This agreement amends the previous agreement. Under the extended agreement, which is effective as of July 1, 2014, EDNLP continues to charge Bayer for nitric acid on a cost plus basis.
“EDNLP has enjoyed a mutually beneficial working relationship with Bayer since 1998, and we look forward to continuing this relationship under the new extended agreement,” said Jack Golsen, LSB chairman and CEO.