Latest news with #urea
The Guardian
2 days ago
- General
- The Guardian
Queensland fire crews work to rescue man in his 80s stuck up to his neck in silo of fertiliser
Specialist fire crews were working on Sunday to rescue a man in his 80s trapped in a silo filled with urea in regional Queensland. A Queensland fire department spokesperson said a family member of the man reported just after 1.30pm he had fallen into a silo on the property near Eurombah, north of Roma. The silo contained urea, which is used for fertiliser. Queensland fire and rescue crews specialising in confined space and vertical rescue had secured the man in a harness while the urea was slowly released out of the bottom of the silo. As of 4pm, the urea had been lowered to the man's waist level, with rescue crew using buckets to empty it out. A rescue helicopter was on the scene to assist, alongside the fire crews, Queensland ambulance service and Queensland police.
Yahoo
2 days ago
- Yahoo
Elderly man trapped up to neck in silo
A man has become trapped after falling into a silo filled with urea fertiliser in regional Queensland. Emergency services were called to a property on Roma Taroom Rd in Eurombah, between the Shire of Banana and Western Downs in regional Queensland, about 1.250pm Sunday after reports a man fell into a silo. A Queensland Fire Department (QFD) spokesman told NewsWire a family member raised the alarm after the man became trapped up to his neck after falling into the silo. The silo, which was on private property, is believed to be filled with is a highly concentrated nitrogen fertiliser, commonly used by farmers. A Queensland Ambulance spokesman told NewsWire crews were on the scene to rescue the man, believed to be in his 80s. Three rescue crews are on the scene, who have been specially trained in working in confined spaces. The spokesman told NewsWire the man has been strapped into a harness, though the rescue operation is 'still in action'. More to come
News.com.au
2 days ago
- News.com.au
Man in his 80s trapped up to his neck in silo on regional Queensland property
A man has become trapped after falling into a silo filled with urea fertiliser in regional Queensland. Emergency services were called to a property on Roma Taroom Rd in Eurombah, between the Shire of Banana and Western Downs in regional Queensland, about 1.250pm Sunday after reports a man fell into a silo. A Queensland Fire Department (QFD) spokesman told NewsWire a family member raised the alarm after the man became trapped up to his neck after falling into the silo. The silo, which was on private property, is believed to be filled with urea. Urea is a highly concentrated nitrogen fertiliser, commonly used by farmers. A Queensland Ambulance spokesman told NewsWire crews were on the scene to rescue the man, believed to be in his 80s. Three rescue crews are on the scene, who have been specially trained in working in confined spaces. The spokesman told NewsWire the man has been strapped into a harness, though the rescue operation is 'still in action'.
Khaleej Times
21-05-2025
- Business
- Khaleej Times
Fertiglobe earnings to get a boost from Adnoc funding support
Fertiglobe, the world's largest seaborne exporter of urea and ammonia combined, expects funding support from Adnoc to boost the company's earnings per share, its CEO said. The company's interest bill will reduce by around $10 million via direct and indirect financing support by Adnoc, adding approximately six per cent to its 2024 earnings per share, driven by refinancing, debt repricing and the benefits of the credit rating upgrades the company received following Adnoc's majority stake acquisition. 'Combined, between the fixed and the interest cost savings, we expect an approximate 13-16 per cent after-tax earnings per share accretion by the end of 2025, in addition to incremental contributions from the announced strategic pillars,' Ahmed El-Hoshy, CEO, Fertiglobe, told Khaleej Times in an interview. A strong operational performance as well as favourable market conditions for urea and the strategic shipment deferrals from Q4 2024 to Q1 2025 drove Fertiglobe's performance for the first quarter of this year, capitalising on higher prices, as it targets earnings before interest, taxes, depreciation and amortisation (Ebitda) by 2030, El-Hoshy said. Fertiglobe had a very strong start to the year, with revenues growing 26 per cent and adjusted Ebitda up 45 per cent over the same period last year. Our adjusted attributable profits also increased significantly on a normalised basis to $73 million, up 306 per cent after adjusting for a one-off foreign currency revaluation benefit in Q1 of last year. 'Additionally, supported by the company's ongoing manufacturing improvement plan (MIP), our asset utilisation and energy efficiency levels reached record highs across most plants in Q1 2025, a key reason behind the increase of 7 per cent year-on-year in our own-produced sales volumes,' El-Hoshy said. Fertiglobe's 'Grow 2030 Strategy' aims to transform the company into a $1 billion+ Ebitda global integrated downstream nitrogen product champion by 2030 via four strategic pillars: operational excellence, customer proximity, nitrogen product expansion and disciplined low-carbon ammonia growth. 'While these pillars are expected to collectively add $340-420 million to Ebitda till 2030 (at unchanged prices), several of the initiatives behind those pillars will start to reflect on our earnings this year,' El-Hoshy said. Adnoc has provided its full support to integrate and optimise $15-21 million of fixed costs by the end of 2025, leading to a 7-10 per cent earnings-per-share accretion by the end of year. 'In addition, we continue to make progress on our MIP, with gains expected to also continue reflecting on our run rate volumes and earnings. In addition, our recent acquisition of Wengfu Australia, as part of our downstream integration strategy, is expected to be accretive starting this year,' El-Hoshy said. Fertiglobe has identified four strategic pillars, for growth. 'Pillar one is achieving operational excellence working towards top quartile performance via manufacturing and cost excellence which should unlock $165-175 million of incremental Ebitda, most of it to be achieved by the end of 2027. The second pillar is maximising netbacks and increasing customer proximity, with our Wengfu Australia acquisition being a case in point of our opportunistic and focused approach towards growth, whether organic or inorganic. Separately, we will be looking to expand our nitrogen product portfolio to capture more value and convert ammonia into higher value products, similar to an Automotive Grade Urea (AGU) agreement we signed with DF Group of Spain. And finally, the fourth pillar revolves around low-carbon ammonia and pursuing a disciplined value-led approach capitalising on our existing advantages and the synergies with our majority shareholder's ecosystem,' El-Hoshy said. The company recently acquired Wengfu Australia's distribution assets.'Wengfu is a leading fertiliser distributor with significant downstream presence in Australia. For us, Australia is a highly attractive market and one of our largest, offering high value and growth in the urea sector. The acquisition also accelerates our expansion across the Asia-Pacific region, which is a key growth market,' El-Hoshy said. Fertiglobe has been supplying urea to Wengfu for over five years. 'This acquisition secures our position in a strategic premium market and brings us closer to end customers. It aligns with our new strategy of selectively expanding downstream in our key markets. This acquisition can drive additional urea volume growth in Australia and will provide access to a broader customer base, unlock supply chain efficiencies, and support the introduction of enhanced-efficiency and sustainable fertilisers,' El-Hoshy said.
Associated Press
19-05-2025
- Business
- Associated Press
China XLX Announces 2025 Q1 Results
China XLX's 2025 Q1 Earnings Remarkably Improved QoQ Continuing Efforts to Strengthen Cost and Budgetary Control 2025 Q1 Results Highlights: HONG KONG / ACCESS Newswire / May 18, 2025 / China XLX Fertiliser Ltd. ('China XLX' or the 'Company', together with its subsidiaries collectively known as the 'Group') (HKSE: announced that the Group's revenue for the three months ended 31 March 2025 (the 'Period') grew by 1.7% Y-o-Y and 2.4% Q-o-Q to approximately RMB 5.85 billion. Net profit attributable to owners of the parent for the Period reached approximately RMB 198 million, as compared to a loss of approximately RMB 74.64 million for the fourth quarter of last year. In the first quarter of 2025, the fertiliser market staged a comeback after subdued performance. Dragged by a mismatch between market supply and demand, the price weakness of coal chemical related products lingered in the first two months. However, the urea prices remarkably rebounded in March on the demand for spring farming coupled with growing expectations for export resumption, leading to a strong recovery in the prices of urea-based downstream products. The overall gross profit margin for the Period climbed by 3 percentage points to 14% from the previous quarter. Besides, the revival in agricultural demand along with the commencement of new compound fertiliser production facilities bolstered the sales of the Group's core products. The gross profits of the Group's urea products and urea solution for vehicles retreated as their selling prices declined at a faster pace than their costs due to weakened support for urea prices resulting from lower prices of feedstock coal. As a result, its overall gross profit dropped by 23% Y-o-Y. On the other hand, its gross profit surged by 26% Q-o-Q due to the improvement in fertiliser supply and demand condition and a gradual pickup in the prices of different products. During the period under review, the fertiliser segment generated sales revenue of approximately RMB 3.09 billion, accounting for 53% of the Group's total revenue and remaining the largest revenue contributor. The revenues of chemicals segment and other segments were approximately RMB 2.46 billion and RMB 290 million respectively, accounting for 42% and 5% respectively of the Group's total revenue. In view of growing demand for high-efficiency fertilisers in modern agriculture, the Group leveraged its competitive edges in humic acid feedstock to boost the sales of high-efficiency compound fertilisers, resulting in steady growth of compound fertiliser sales. While the sales volume of compound fertilisers for the Period increased by 6% Q-o-Q, their selling price and gross profit margin grew by 9% and 2 percentage points respectively from the previous quarter. At the same time, the Group continued to deepen the R&D of humic acid feedstock so as to ensure the superior quality and stable gross profit margin of their products. As a result, the gross profit margin of humic acids reached 25% in the period. Meanwhile, with the recovery of downstream demand and the gradual improvement in supply and demand condition, the revenue of methanol products continued to grow and hence effectively enhanced the operating performance of chemicals segment. As the Group further strengthened cost control, the proportion of selling, administrative and finance expenses (excluding the impact of non-recurrent transactions) came down by nearly 1 percentage point from a year ago. In particular, the finance expenses dropped by 9% Y-o-Y. The Group took advantage of interest rate cuts to make early repayment and replacement of high-interest borrowings, the average lending rate thus reduced by 0.7 percentage point Y-o-Y. With enhanced capital operation, it is in a better position to improve the profitability. The Group will prudently align its capital expenditures with cash flow and exercise stringent budgetary control. Investments in major projects will be carried out in order according to their input-return ratio so as to better manage the financial risks. Projects under construction will be gradually put into operation in phase in three years, and cash inflow from newly commissioned project will be used in next newly-developed project. The Group's cash flow pressure will thus be mitigated year by year. Although the Group's gearing ratio for this year will slightly increase as more financial resources are required to meet the project development needs, the capital expenditures in 2027 are expected to significantly reduce. Therefore, its operating cash flow will become ample and various financial indicators will markedly improve, hence creating a virtuous cycle of investment and return. In addition to possessing sufficient capital reserves for the development of its projects, the Group kept the average lending rates below the benchmark interest rate. Low-interest project loans with long maturity of 7-10 years are earmarked for all production bases under construction, which effectively cover their construction timelines and funding requirements and thereby ensure the Group's operational and cash flow stability. Looking ahead, Mr. Liu Xingxu, Chairman of China XLX, said: 'Since the beginning of the second quarter, domestic environmental policies have been further tightened. The market restructuring is gaining momentum as leading fertiliser enterprises proceed with resources consolidation, technological breakthroughs and product upgrades. Demand for high-efficiency fertilisers, including water-soluble fertilisers, controlled-release fertilisers and humic acid-based products, is increasing amid the growing popularity of large-scale farming. This lays a solid foundation for the Group to market its high-end fertilisers. The Group will take advantage of the supportive policies to accelerate the technological advancement. With an emphasis on green and high-efficiency products, it will focus on the strategies highlighting product functionality, customised fertiliser formulation and service differentiation. By upgrading its brand positioning to 'China's High-Efficiency Fertiliser Advocate', the Group aims to promote scientific and precise fertilisation through the use of high-efficiency fertilisers, thereby enabling farmers to apply fertilisers accurately and driving the Group's sustainable growth.' ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of 'maintaining overall cost leadership and creating competitive differentiation' while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company's shares (stock code: are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries SOURCE: China XLX Fertiliser Ltd. press release
