All Posts from February 25, 2020

The Andersons Expand UAN Storage

The Andersons Inc., Maumee, Ohio, said Feb. 25 that the company is constructing a new 1.5 million-gallon UAN storage tank at its Lordstown, Ohio, facility to better serve their customers and the UAN market. The Lordstown facility is a wholesale fertilizer distribution terminal, storing and shipping fertilizer materials and blends. The total storage capacity for UAN at Lordstown will be 3 million gallons.

The company said the facility is unique in that it is able to blend ammonium thiosulfate (ATS) and features an unattended automated loadout system, enabling customers to load 24 hours a day, seven days a week.

The new UAN storage tank is expected to be completed by June.

Tampa Reported as Roll Over

The Tampa anhydrous ammonia price for March has rolled over at the $250/mt CFR mark.

OCI NV Reports 4Q Loss, Upbeat On Outlook

OCI NV, Amsterdam, reported a fourth-quarter adjusted net loss attributable to shareholders of $43.4 million, against a year-ago adjusted net income of $17.1 million. For the full-year, the company posted an adjusted net loss of $208.4 million versus net income of $17.0 million for the prior year. 

In the fourth quarter, OCI’s Nitrogen segment benefited from lower gas prices, and another strong performance from the Iowa Fertilizer Co. (IFCo) nitrogen plant in Wever, offset by lower selling prices for all products, the company reported. 

OCI said it sees a healthy increase in production and sales volumes in 2020. 

“As a result of our initiatives, we expect to benefit from on average higher and more efficient asset utilization rates across our platform, the ramp-up of the new capacities in our methanol portfolio, as well as the full consolidation and realization of synergies of the Fertiglobe joint venture,” said OCI NV CEO Nassef Sawiris.