Inspections undertaken since the hurricane have not identified any material damage to the plant and the plant’s re-start has been awaiting restoration of high voltage industrial power and utilities from third party providers. Factoring in the anticipated restoration of power and utilities, the total outage is expected to be approximately 4 weeks from the date the plant was brought down.
Based on current market prices for ammonia, and the planned restart schedule, the loss of earnings before interest and tax is approximately US$28 million.
Read the article online at: https://www.worldfertilizer.com/nitrogen/13092021/waggaman-ammonia-plant-set-to-be-offline-for-a-month/
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Second Harvest will use the grant funding to support monthly Makin’ Groceries Mobile Market events near Waggaman, starting in 2024.