Orica decarbonises chemicals, fertiliser and explosives production

Chemicals and explosives manufacturer Orica is to deploy tertiary emissions abatement technology at a second site – its Yarwun chemicals and ammonium nitrate facility in Gladstone, Queensland (pictured). Orica expects to eliminate an estimated 200,000 tonnes of carbon dioxide equivalent (CO2-e) annually once the project is complete. The installation of two tertiary abatement reactors at…

Orica expands with mining chemicals buy

Chemicals and explosives manufacturer Orica is to acquire 100 per cent of the common stock of Cyanco Intermediate 4 Corp. (Cyanco) (the Acquisition) from an affiliate of Cerberus Capital Management, L.P. (Cerberus) for US$640 million. The acquisition of Cyanco, a US-based leader in the manufacture and distribution of sodium cyanide primarily serving the gold mining…

Orica delivers uplift in performance

Explosives and blasting technology group Orica has reported strong earnings across all business segments for FY2023. Statutory Net Profit After Tax (NPAT) was reported as $295.7 million, compared to $60.1 million in the previous year but including $73.3 million of significant items expense after tax. Underlying EBIT from continuing operations was $698.1 million, up 24…