Nitrogen

The share purchase plan raised approximately AUS$57.5 million for the fertilizer and chemicals manufacturer.

Acron Group has commissioned a new 700 000 tpy urea granulation unit at its Veliky Novgorod site in Russia.

The company's net profit increased by 124% y/y in the financial year ended 31 March 2020.

The company's net loss in 1Q20 was US$153 million, compared to a profit of US$133 million in 1Q19.

The company's revenues increased 36% to US$811 million and adjusted EBITDA by 49% to US$193 million in 1Q20 vs 1Q19.

CVR Partners has announced a net loss of US$21 million on net sales of US$75 million for 1Q20.

The company has reported sales of US$1.57 billion for 1Q20, a 3% increase y/y.

1Q20 EBITDA excluding special items was US$504 million, up from US$464 million a year earlier.

In September 2019, the company commenced a strategic review of the Incitec Pivot Fertilisers business with three possible outcomes envisaged – sale, demerger, or retain and invest.

BayoTech will deploy an onsite hydrogen generator to one of Nutrien's nitrogen fertilizer plants.

The ReforMax 330 LDP Plus catalyst reduced pressure drop at OCI Nitrogen’s ammonia production plant in Geleen, Netherlands.

The company is taking steps, such as ensuring proper stocks of critical raw materials, to ensure they remain open.

At 31 December 2019, the company had cash of CAN$7.5 million, a positive working capital of CAN$7.2 million, and no debt.

The company's net profit increased by 80% to US$383 million, from US$212 million in 2018.

Linda Dempsey will be responsible for all aspects of the company’s global public affairs function.