FERTILIZER INDUSTRY – AUSTRALIA

Gas price cut needed to save Gibson Island

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Original article by Peter Ker
The Australian Financial Review – Page: 14 & 18 : 21-May-19

Incitec Pivot has posted a 2018-19 underlying net profit of $41.9m, compared with $147.1m previously. The company has warned that its fertiliser plant at Gibson Island in Queensland will close by the end of 2019 unless action is taken to address the issue of high gas prices. CEO Jeanne Johns says it will not be viable to keep the plant open until 2022 unless gas prices fall. She has declined to comment on whether the federal government should use the Australian Domestic Gas Security Mechanism to restrict gas export volumes in 2019 and 2020.

CORPORATES
INCITEC PIVOT LIMITED – ASX IPL, ENERGYQUEST PTY LTD

Incitec predicts further growth in US, China

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Original article by Jared Lynch
The Australian Financial Review – Page: 24 : 16-Sep-15

Incitec Pivot CEO James Fazzino says that the US will account for around 50 per cent of the group’s earnings when its ammonia plant in Louisiana is fully operational. He notes that US shale gas prices have fallen sharply since Incitec decided to proceed with the plant, adding that the Louisiana facility provides investors with a "compelling" reason to buy the group’s shares. Fazzino also remains upbeat about the outlook for the Chinese economy.

CORPORATES
INCITEC PIVOT LIMITED – ASX IPL, UBS HOLDINGS PTY LTD, CHS, CF INDUSTRIES HOLDINGS INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET