As fire ravages the eastern states it is bizarre that today fertiliser and explosives group Incitec Pivot (ASX: IPL) was reporting a drop in profit caused by massive floods in North Queensland. The company reported EBIT of $304 million for the year ended 30 September, down from $557 million the year before largely because of…
Chemicals, explosives and fertilisers business Incitec Pivot (ASX: IPL) has announced a review of its fertiliser businesses in Australia and the region. The company is the sole manufacturer of phosphate fertilisers in Australia and the only producer of nitrogen fertilisers on the east coast. The company has appointed UBS to provide advice for a strategic…
Fertiliser and industrial chemicals manufacturer Incitec Pivot (ASX: IPL) will be able to produce significantly greater quantities of gas, destined for the domestic market, from its 50/50 joint venture in Queensland. The company has been working with Central Petroleum (ASX: CTP) to develop coal seam gas opportunities at Project Range in the Suart Basin and…
Fertiliser and industrial chemicals manufacturer Incitec Pivot (ASX: IPL) has reported progress in an ambitious project to add to the eastern Australian domestic supply of gas. The company, whose major input is gas which has become prohibitively costly on the east coast, reported progress on its 50-50 joint venture with Central Petroleum (ASX: CTP) at…
Incitec Pivot announced yesterday that its Gibson Island ammonia factory will continue running, and that gas supply had been secured through until the end of 2022.
Chemicals and explosives business Incitec Pivot (ASX: IPL) is on the way to recovery after a horror first half of the year when it was hit with unplanned outages and floods. Earnings before interest and tax (EBIT) for the first half were $119 million after $141 million of non-recurring events. These included the $60 million…
Chemicals, fertiliser and explosives manufacturer, Incitec Pivot (ASX: IPL) has reported big hits to its profits from a number of weather-related events and the closure of its Portland, Victoria super phosphate factory. The closure costs, along with drought in eastern Australia and cyclonic floods in the Townsville region, were outlined in a report to the…
Plant failures at fertilizer manufacturer Incitec Pivot (ASX: IPL) plants in Australia and the United States are now hitting the company’s bottom line hard. The company announced that outages at its Louisiana and Phosphate Hill plants are expected to cut earnings before interest and tax (EBIT) by $45m for the financial year ending 30 September.…
Fertiliser and explosives company Incitec Pivot announced on Monday morning that Brian Kruger has stepped down as Chairman and non-executive director, effective immediately, citing personal reasons. Kruger had been a director at Incitec since June 2017 and Chairman since July 2019. The company nominated delivery of sustained earnings for shareholders through COVID-19 and geopolitical instability…
Research undertaken by the fertlisers division of Incitec Pivot has demonstrated what it says is a path to reduced greenhouse gas emissions in the form of nitrous oxide from nitrogen fertilisation. According to a statement from Incitec Pivot Fertilisers on Monday, their results demonstrated using a nitrification inhibitor formulation containing DMPG in combination with urea…
