People and places

• Autores: Kevin Kremke
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 563, 2014 (Ejemplar dedicado a: Agosto)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • There are several things that have contributed to OCI Resources' 30%+ unit price appreciation since the IPO. The most obvious answer is improved market fundamentals that have created more favorable global soda ash pricing since last September. We have seen modest demand increases concurrent with several high cost competitors coming offline. This has shifted the industry into more realistic long-term equilibrium pricing. Additionally, we have been diligently getting the message out to the investor community. Investors are getting a better understanding of our business and specifically how OCI is positioned to be a global leader in this industry.

    Generally speaking my outlook for 2015 is very favourable for the industry and for OCI. The soda ash market tends to grow with industrial production, so as we continue to see the global economy improve we will get our share of that. Additionally, many of the expansion projects we have been investing in will start bearing fruit in 2015 through higher production rates at our Wyoming facility.

    The primary benefit is that natural process is far less energy intensive than the synthetic processes. Our energy usage (primary natural gas) is roughly one third of the synthetic processes, and our total production cost is one third to one half of synthetic processes. Couple the usage factor with the US oil and gas revolution and it's clear that producers in Wyoming are positioned to be the lowest cost producers of soda ash in the world.