LSB

LSB Industries, Inc. Announces the Retirement of John Burns as Executive Vice President of Manufacturing and the Appointment of Scott Bemis as His Successor

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月曜日, 5月 6, 2024
Natural Resources, Sustainability, Environment, Alternative Energy, Energy, Chemicals, Plastics, Mining, Minerals, Manufacturing, University, LSB, Safety, MIS, EH, Health, Business administration, Chemical industry, Research, Chemical engineering, Retirement, Ammonia, Multimedia, Culture, Management information system, Management

LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) today announced the retirement of John Burns as Executive Vice President of Manufacturing and that Scott Bemis has been named his successor, effective May 20, 2024.

Key Points: 
  • LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) today announced the retirement of John Burns as Executive Vice President of Manufacturing and that Scott Bemis has been named his successor, effective May 20, 2024.
  • Mr. Bemis takes over the position from John Burns, who has served in the role since February 2020 and will be retiring after more than 35 years in the chemical industry.
  • Mr. Burns will remain with LSB to ensure an orderly and effective transition.
  • “We are pleased to welcome Scott to the LSB team,” said Mr. Behrman.

LSB Industries, Inc. Reports Operating Results for the 2024 First Quarter

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月曜日, 4月 29, 2024
Chemicals, Plastics, Environment, Manufacturing, Sustainability, Alternative Energy, Energy, Dorado, Total, INPEX, EPA, Investment, LSB, Safety, Front-end loading, Fertilizer, Carbon, CCS, Senior, Air Liquide, Mining, CO2, Samsung Engineering

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the first quarter ended March 31, 2024.

Key Points: 
  • LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the first quarter ended March 31, 2024.
  • “Our first quarter results were consistent with our expectations for a significant improvement relative to our fourth quarter of 2023," stated Mark Behrman, LSB Industries’ President and CEO.
  • "Selling prices remained lower relative to the prior year quarter as the spike in nitrogen prices experienced in 2022 kept prices elevated during the first quarter of 2023.
  • This was partially offset by a solid increase in sales volumes driven by strong demand for fertilizers, enhanced by our strategic commercial efforts.

LSB Industries, Inc. Reports Operating Results for the 2023 Fourth Quarter and Provides Product Sales Volume Outlook for 2024

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火曜日, 3月 5, 2024
Sustainability, Environment, Climate Change, Chemicals, Plastics, Maritime, Green Technology, Transport, Manufacturing, Dorado, Engineering, LSB, Nitric acid, Investment, Mining, Farmer, Carbon, INPEX, Safety, CCS, Metal, UAN, CO2, Air Liquide, KBR, Fertilizer

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2023.

Key Points: 
  • LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2023.
  • Total cash and short-term investments of approximately $306 million as of December 31, 2023
    This is a Non-GAAP measure.
  • “Our fourth quarter results were consistent with our expectations," stated Mark Behrman, LSB Industries’ President and CEO.
  • Our fourth quarter results benefited from increased production and sales volumes of downstream products reflecting improved manufacturing operations.”
    "Our continued focus on safety resulted in a TRIR of 0.33 for the year representing 'world class' performance.

KBR Blue Ammonia Technology Selected for a Low-Carbon Project in the US Gulf Coast

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水曜日, 1月 10, 2024
Hydrogen, Senior, KBR, Ammonia, INPEX, Carbon, Safety, LSB, Renewable energy

HOUSTON, Jan. 10, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its blue ammonia technology has been selected by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries for a large, commercial-scale clean ammonia production and export project in the US Gulf Coast.

Key Points: 
  • HOUSTON, Jan. 10, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that its blue ammonia technology has been selected by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries for a large, commercial-scale clean ammonia production and export project in the US Gulf Coast.
  • "We are honored to work with INPEX and LSB on this strategic project to implement our market-leading low-carbon blue ammonia technology," said Doug Kelly, KBR President, Technology.
  • "KBR brings a wealth of experience, expertise and innovation to this world-scale, blue ammonia project," said Mark Behrman, LSB Industries President and CEO.
  • KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia industry for decades.

LSB Industries Announces Issuance of First Sustainability Report

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月曜日, 12月 11, 2023
Manufacturing, Professional Services, Mining, Minerals, Environmental, Social and Governance (ESG), Other Energy, Natural Resources, Alternative Energy, Environment, Energy, Sustainability, Chemicals, Plastics, Biophysical environment, LSB, Social, NYSE, Quality of life, Renewable energy

LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) today announced the publication of its first annual sustainability report, highlighting the Company’s vision to be a leader in the clean energy transition, and setting its Environmental, Social and Governance priorities and goals for the future.

Key Points: 
  • LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) today announced the publication of its first annual sustainability report, highlighting the Company’s vision to be a leader in the clean energy transition, and setting its Environmental, Social and Governance priorities and goals for the future.
  • The inaugural report demonstrates the Company’s commitment to sustainability and highlights historical and planned activities we’ve initiated through the end of 2022.
  • “At LSB we create products that improve the quality of life for current and future generations with the goal of continually reducing our environmental impact on the planet,” stated Mark Behrman, LSB Industries’ President and CEO.
  • “We are pleased to share our first sustainability report, showcasing our commitment to implement sustainable solutions into every facet of our operations.”
    The full report can be found on the company’s web site: LSB 2022 Sustainability Report .

LSB Industries, Inc. Reports Operating Results for the 2023 Third Quarter

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水曜日, 11月 1, 2023
Other Energy, Professional Services, Other Natural Resources, Mining, Minerals, Alternative Energy, Energy, Agriculture, Natural Resources, Other Manufacturing, Chemicals, Plastics, Environmental, Social and Governance (ESG), Manufacturing, Ammonia, NYSE, Lapis lazuli, FEED, Air Liquide, INPEX, Nitric acid, CCS, VI, EPA, Environment, Houston Ship Channel, Nitrogen, Sam Houston Ship Channel Bridge, CO2, LSB, Investment, Class, Rare-earth element, Palladium, Fertilizer, Renewable energy

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the third quarter ended September 30, 2023.

Key Points: 
  • LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the third quarter ended September 30, 2023.
  • "We continue to experience a weaker pricing environment relative to last year, but our results were also impacted by lower production volumes versus our expectations.
  • While we hit a speed bump early in the quarter, our manufacturing operations have been performing well since early September, and we expect that to continue, setting us up for improved results in the fourth quarter.
  • We expect to determine our next steps on these projects in the first quarter of 2024.

XBM USA & Tanac Partner to Transform Sustainable EV/Aviation Battery Sector

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金曜日, 11月 3, 2023
Lithium, Lithium battery, EV, ESG, Coal, Carbon, XBM, Nickel, Sulfur, Research, Cobalt, MOU, BES, Graphite, LSB

LOS ANGELES, Nov. 3, 2023 /PRNewswire-PRWeb/ -- In a world grappling with unprecedented environmental challenges, the quest for sustainable, renewable energy solutions is paramount. One of the primary challenges is finding sustainable sources of battery materials that minimize EV battery carbon footprints. XBM USA and Tanac, Brazil's leading sustainable tannin bioproduct manufacturer over the past few years have collaborated to harness the power of sustainable vegetal extraction constituents, such as tannin, for use in what could become the world's most sustainable EV battery.

Key Points: 
  • One of the primary challenges is finding sustainable sources of battery materials that minimize EV battery carbon footprints.
  • XBM USA and Tanac, Brazil's leading sustainable tannin bioproduct manufacturer over the past few years have collaborated to harness the power of sustainable vegetal extraction constituents, such as tannin, for use in what could become the world's most sustainable EV battery.
  • Roberts, "XBM chose Tanac as its exclusive tannin supplier because of the outstanding sustainable ESG practices Tanac employs to produce their biomass-based materials."
  • Roberts, "XBM chose Tanac as its exclusive tannin supplier because of the outstanding sustainable ESG practices Tanac employs to produce their biomass-based materials."

Global Energy and Chemical Leaders Partner to Develop a Large-Scale, Low-Carbon Ammonia Production Export Project on the Houston Ship Channel

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火曜日, 10月 3, 2023
Manufacturing, Environmental Issues, Environmental Health, Maritime, Other Energy, Transport, Green Technology, Environment, Energy, Sustainability, Chemicals, Plastics, Workforce, Hydrogen, Steam, Multimedia, ATR, Carbon, LSB, Movement, Liquid nitrogen wash, INPEX, NYSE, Air Liquide, MTPA, VLGC, Ammonia, Water, Natural gas, Engineering, ASU, Houston Ship Channel, Vopak, CO2, TSE, Warehouse, Renewable energy, Industrial gas

The project also has access to utilities and would be near multiple pipelines that could supply raw materials like natural gas and water.

Key Points: 
  • The project also has access to utilities and would be near multiple pipelines that could supply raw materials like natural gas and water.
  • The project partners will bring complementary expertise to the production, operation, storage and export for the advancement of low-carbon ammonia production in the US:
    Air Liquide and INPEX would collaborate on low-carbon hydrogen production.
  • Air Liquide would be responsible for onsite nitrogen and oxygen production, using its proprietary Air Separation Unit (ASU) technology.
  • INPEX, with stakes in both hydrogen and ammonia production, will likely be the largest investor in the overall project across the entire value chain, from production to export.

LSB Industries, Inc. Reports Operating Results for the 2023 Second Quarter

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水曜日, 7月 26, 2023
Manufacturing, Professional Services, Other Natural Resources, Mining, Minerals, Environmental, Social and Governance (ESG), Other Energy, Natural Resources, Other Manufacturing, Alternative Energy, Energy, Chemicals, Plastics, Dorado, Acrylonitrile, Maintenance, Capital expenditure, Senior, Metal, Share repurchase, Fertilizer, Farmer, Quality of life, Carbon, LSB, Nitric acid, Interest, Public expenditure, ET, Investment, Ammonia, Natural gas, Caprolactam, Cryptocurrency, LNG

The decrease in total long-term debt is attributable to the second quarter repurchase of $125 million in principal amount of our Senior Secured Notes for approximately $114 million.

Key Points: 
  • The decrease in total long-term debt is attributable to the second quarter repurchase of $125 million in principal amount of our Senior Secured Notes for approximately $114 million.
  • Interest expense for the second quarter of 2023 was $12 million compared to $12 million in the second quarter of 2022.
  • Capital expenditures were approximately $14 million for the second quarter of 2023.
  • LSB’s management will host a conference call covering the second quarter results on Thursday, July 27, 2023 at 10:00 am ET / 9:00 am CT to discuss these results and recent corporate developments.

LSB Industries Announces New Chief Human Resources Officer Ashley McKee

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木曜日, 6月 1, 2023
Other Energy, Natural Resources, Alternative Energy, Energy, Chemicals, Plastics, Other Natural Resources, Mining, Minerals, Manufacturing, Human resources, University, Culture, Texas A&M University, Multimedia, COVID, LSB, Business administration, Industrial and organizational psychology, DEI, HRIS, NYSE, Management, Science, Psychology

LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) today announced that Ashley McKee will join the company as Executive Vice President and Chief Human Resources Officer, effective June 5, 2023.

Key Points: 
  • LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) today announced that Ashley McKee will join the company as Executive Vice President and Chief Human Resources Officer, effective June 5, 2023.
  • Ms. McKee will join the executive team reporting directly to Mark Behrman, LSB’s President and Chief Executive Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230601005822/en/
    Ms. McKee joins LSB from Williams Companies, where she served in progressively responsible Human Resources leadership roles since 2007, most recently as Director of Human Resources Operations.
  • “I am thrilled to be joining LSB Industries at this pivotal time in the company’s history,” stated Ms. McKee.