And we’re also working on a coding agent for our H-Jan [ph] product. It helps with durability, as H-Jan doesn’t always store well in the heat in the summer months. It also helps with potential export opportunities that we may have on that product, also on track for the first quarter or second quarter of 2024. So I think those are the three that are the furthest along at this point. Probably 7 million to 10 million of annual EBITDA from a run rate perspective. Then we’ve got some more project in the pipeline, but nothing to speak of publicly at this point.
Rob McGuire: Thanks, Cheryl. I appreciate that update. Just one last question on the New Star Pipeline turnaround that took place during the quarter. Can you give us an idea of what that cost in terms of tonnage for LSB? Also maybe give us an idea relative to what that tonnage was last year when they did their turnaround?
Cheryl Maguire: So, for the most part, I think we, I would say we were able to make up a lot of the tons in the back half of the quarter. I think the new start pipeline came up a little bit earlier than planned. So I don’t think Rob that there was a material impact to the third quarter for the ammonia tons. If you look at our volumes, we, we did move quite a bit of volume in the third quarter.
Rob McGuire: Thank you so much. That’s it for me.
Cheryl Maguire: Thank you.
Operator: [Operator Instructions] Our next question is from the line of David Begleiter with Deutsche Bank. Please proceed with your question.
Anthony Mercandetti: Thank you. Good morning. This is Anthony Mercandetti on for David. Unfarmed incomes have fallen. Corn prices have come down quite a bit this year. Curious to get your thoughts on how you view the operating environment with potentially lower commodity prices and perhaps lower yields. Do you still see strong ag fundamentals going forward into 2024?
Mark Behrman: Yes, so you’re right, corn prices have come down from the recent highs of $7 a bushel and we’re sitting and have been trending right around $5. But still a really healthy price for corn and a good price for farmers. An incentive for them to really plant a maximum amount of corn. So I think we’re at a point now where if we stay at those levels and given some of the lower commodity prices, as you mentioned, which are input costs for them, I think they’re still making relatively good income. So I don’t think we’ll see an impact. That’s certainly not a downward trend. And I would think that we’re going to see strong planting, which would translate into stronger pholomonia [ph] application. And then we’re expecting a really good spring.
Anthony Mercandetti: Got it. And then, yes, just on that last point there, 2023 is a bit of a challenging year. And I know it’s early, but just curious if you can take us through maybe some of the puts and takes that you’ve alluded to earlier on how you’re viewing 2024 from where we stand today. I’m just trying to get a feel for how you view the demand environment early on in this ammonia application season and what that could potentially mean for this planting season in the spring.
Mark Behrman: Yes, so I think we’re going to see healthy demand for fertilizer across the board. And if you look at 2024 as a whole, I think we’re expecting that average fertilizer prices and certainly average nitrogen fertilizer prices in 2024 will be higher than they were in 2023.
Anthony Mercandetti: Very helpful. Thank you.
Operator: At this time, we’ve reached the end of our question and answer session. I’ll hand the floor back to management for closing remarks.
Mark Behrman: I want to thank you for participating in our earnings call and for your interest in LSB Industries. And if you have any other questions, please feel free to follow up with either Fred, Cheryl, or myself. Thanks so much.
Operator: This will conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.
