Nitrogen

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.

The line up of banks is still not finalised and ADNOC may add more advisors to the deal.

Hundreds of thousands of tonnes of fertilizer enter Canada through the Port of Montreal during the spring seeding season destined for farms across Eastern Canada.

EBITDA excluding special items was US$585 million, compared with US$504 million a year earlier.

The company's fertilizer output in 1Q21 increased by 2.2% y/y to 2.7 million t.

Mayo Schmidt succeeds Chuck Magro, who is stepping down from his management and Board role at the company to pursue new opportunities.

Abu Dhabi National Oil Co. and OCI N.V. are reportedly weighing an initial public offering of their fertilizer joint venture Fertiglobe.

Togliattiazot increased supplies of urea to the Russian domestic market to 35 000 t in February this year.

The two plants have earned 2020 ENERGY STAR® certification from the US Environmental Protection Agency.

The company has released its audited consolidated IFRS financial statements for 2020 and said it has launched three projects – construction of a calcium nitrate production facility and upgrading of the Ammonia-3 unit at its Novgorod site, and construction of a nitric acid unit at its Dorogobuzh site.

The investment will be used to increase urea production and enhance the reliability of existing production units as well as improve rail infrastructure and ammonia truck loading facilities.