Company Market Research Report: LSB Industries, Inc.
Company Overview
Name and Mission
- Name: LSB Industries, Inc.
- Mission: LSB aims to improve the quality of life for current and future generations by delivering essential products across industrial and agricultural markets. It is also committed to playing a leadership role in the energy transition by producing low and no carbon products that build, feed, and power the world.
Founding Details
- Founded: 1968
- Founder: Jack Golsen
Key People
- Chief Executive Officer: Mark Behrman
- Chief Financial Officer: Cheryl Maguire
Headquarters
- Location: Oklahoma City, Oklahoma
Number of Employees
- No information is available
Revenue
- No information is available
Notable Achievements
- Known for manufacturing ammonia and ammonia-related products, LSB Industries is a vital supplier to chemical and industrial companies and the U.S. agricultural market.
Products
Key Products
1. Industrial Products
- Ammonia: Used in water treatment, refrigeration, and emission abatement.
- Nitric Acid: Utilized in the production of semi-conductors, nylon, and polyurethane intermediates.
- Sulfuric Acid: Used in bromine production, pulp and paper, and water treatment.
- CO2: Employed in food refrigeration and enhanced oil recovery.
- Ammonium Nitrate: Necessary for explosives in mining and other blasting activities.
2. Agricultural Products
- Urea Ammonium Nitrate Solutions (UAN): Liquid fertilizers primarily for corn and other crops.
- Ammonium Nitrate: High-efficacy fertilizers for various crops and pastures.
High-level Product Descriptions
- Industrial-grade products are used in essential applications such as water treatment, refrigeration, and emissions control.
- Agricultural products are primarily focused on enhancing crop growth efficiency and effectiveness across North America.
Recent Developments
Recent Company Developments
- 2022: Launched the Low Carbon (Blue) Ammonia Project at El Dorado.
- 2023: Collaborated with Amogy to develop a low-carbon ammonia supply chain as a transportation fuel.
- 2023: Announced a partnership with global leaders to develop a large-scale, low-carbon ammonia production export project on the Houston Ship Channel.
- 2024: Finalized a landmark 5-year agreement to supply low-carbon ammonium nitrate solution to Freeport Minerals Corporation.
New Product Launches and Features
- No specific new products have been launched recently that were detailed in the provided information. However, there is significant emphasis on LSB's developments in low-carbon products.
Partnerships
- Collaborations with Amogy and other global energy and chemical leaders signal a strategic move towards sustainable and low-carbon energy solutions.
This report provides a comprehensive view of LSB Industries, Inc., highlighting its mission, key offerings, and recent strategic directions, especially concerning clean energy initiatives.
