by Luke Jones
Posted 12/4/2012 04:46 pm
Updated 2 years ago
El Dorado Chemical Co. said Tuesday that it is building a $120 million nitric acid plant and that it will restart operations at its existing sulfuric acid plant.
According to a news release, parent company LSB Industries Inc. of Oklahoma City signed an agreement with Weatherly Inc. of Atlanta for the licensing, engineering and equipment for the plant.
LSB also said it is seeking to purchase an existing building to augment the new plant, which should be operational by mid-2015.
The news release said the new plant is funded largely by insurance money from a May 15 explosion that destroyed one of the sulfuric acid plant's reactors. No one was harmed in the explosion, which reportedly shook nearby residences.
The release said the actual insurance proceeds amount was "not known at this time."
The company also said it would restart operations at its El Dorado sulfuric acid plant, which was damaged in the explosion.
LSB manufactures and sells mostly climate control products like heat pumps and geothermal chillers.