LSB Industries Inc.’s El Dorado, Ark., ammonia plant is down but is expected to be back up by Oct. 23, according to the company. LSB said the plant was taken down Oct. 3 to make mechanical repairs to the burner refractory system on the boiler. While these repairs were completed Oct. 8, the company determined that repairs on a process heat exchanger were necessary. As a result, it opted to keep the plant down to complete those repairs.
LSB expects to meet all customer commitments for sales in the fourth quarter of 2017 and estimates that the EBITDA impact resulting from the repair expenses and the reduced absorption of fixed costs related to the collective period of downtime will be approximately $2.5 million to $3.0 for the fourth quarter of 2017.
LSB said it will provide an update on the progress of the repairs at El Dorado and earlier announced Pryor repairs and the impacts of the downtime on financial results when the company reports third quarter 2017 results in late October.