Nitrogen

Uralchem has provided an overview of the results of its operating activities for the first six months of 2021.

Acron Group has completed a comprehensive overhaul of its Urea-6 unit in Veliky Novgorod.

Mitsui & Co. Inc. and CF Industries Holdings, Inc. have announced a memorandum of understanding that will guide the companies in a joint exploration of the development of blue ammonia projects in the US.

Nitrogen producers will be the most affected in the fertilizer sector by tighter emission regulations, particularly in Europe, and by closer investor focus, according to Fitch Ratings.

CF Industries requested the investigations due to the harm it argues the US urea ammonium nitrate industry has experienced from dumped and unfairly subsidised imports from Russia and Trinidad and Tobago.

The front-end engineering design and cost guidance provided by Black & Veatch is part of Koch Fertilizer's US$90 million upgrade of its nitrogen plant in Beatrice, Nebraska, US.

KBR will provide the services at Iowa Fertilizer Co.'s nitrogen fertilizer plant in Wever, Iowa, US.

A detailed report for increasing and optimising production at Monómeros Colombo Venezolanos' mono-pressure nitric acid plant in Colombia was completed remotely by Stamicarbon’s Ammonium Nitrate – Nitric Acid team.

At last week's St Petersburg International Economic Forum VTB Bank and Acron Group signed a five-year loan agreement for RUB20 billion, which will be used to finance Acron Group’s ongoing operations and capital investments, including ESG expenses.

The company's net profit in 1Q21 was US$143 million.

The company recorded 1Q21 net earnings of US$151 million, or US$0.70 per diluted share.

The company recorded an adjusted net profit of US$94 million in 1Q21 compared to an adjusted net loss of US$82 million in 1Q20.

The company has reported a net loss of US$25 million, or US$2.37 per common unit, on net sales of US$61 million for 1Q21.

The company's 1Q21 adjusted net earnings were US$165 million, or US$0.29 per share, and adjusted EBITDA was US$806 million.

The company's net profit in 1Q21 was RUB5604 million, against a loss of RUB10 174 million in 1Q20.