IPL estimates that the impact to earnings associated with the downtime at the plant to be approximately US$128 million (AUS$173 million) on an earnings before interest and tax (EBIT) basis and US$92 million (AUS$124 million) on a Net Profit After Tax (NPAT) basis. Approximately 75% of the impact on earnings will be in 1H22 financial results.
IPL’s Managing Director and CEO, Jeanne Johns said: “I would like to recognise the efforts of our dedicated workforce on the ground at the Waggaman plant for returning the plant to full production. Our ability to make the necessary repairs as quickly and safely as possible would not have been possible without all the support we received from our engineering, design, and construction partners who provided the appropriate materials, labour, and expertise.”
Read the article online at: https://www.worldfertilizer.com/nitrogen/19042022/production-resumes-at-waggaman-plant/
You might also like
Under the EPCM contracts, Worley will provide in-Kingdom services and JESA will provide out-of-Kingdom services, for the design and construction of new process plants in the industrial cities of Wa’ad Al Shamal (WAS) and Ras Al-Khair (RAK) in Saudi Arabia.