LSB Industries Inc., in an Oct. 11 SEC filing, reported that on Sept. 2, 2022, its subsidiary, El Dorado Chemical Co. (EDC), received a notice of non-renewal of an ammonia purchase and sale agreement with Koch Fertilizer LLC, dated Nov. 2, 2015 (GM Nov. 9, 2015).
LSB said the notice was a procedural requirement to keep the contract from automatically renewing and the parties are cooperatively renegotiating the terms of the agreement to continue supply beyond the termination date of June 30, 2023.