El Dorado Chemical says it will soon resume operations after last month’s explosion at its plant in south Arkansas.
No one was hurt in the May 15 blast at the plant, which produces chemicals for farming and industrial uses. The El Dorado News-Times reports the company plans to partially restart the production of nitric acid and ammonium nitrate in the next month.
It will gradually increase production over the next 90 days.
El Dorado Chemical says its insurance policy requires it to pay a $1 million deductible and wait 30 days to reopen.
The reactor explosion happened at the facility’s concentrated nitric acid plant, which officials say is too damaged to repair. The company’s general manager says no employees have been laid off because of the blast.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
More Insurance M&A Deals on the Horizon? 
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
