Tag: CVR Partners

Rentech has merged with CVR

CVR Partners closed its merger with Rentech today, giving birth to a new subsidiary, East Dubuque Nitrogen Fertilizers, LLC, which will now operate the nitrogen plant in East Dubuque, IL.

CVR Partners previously ran just one nitrogen plant, the Coffeyville, KS, ammonia-UAN plant, which gets its pet coke feedstock from its sister refinery (owned by CVR Energy, the parent company of CVR Partners).

So, this merger "provides the partnership with an expanded geographical footprint, diversification of its raw material feedstocks, wider customer reach and greater potential for cash-flow generation."

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Market share in North America: with mergers, and without

Two major mergers have been announced in the last seven days - CVR Partners with Rentech, and CF Industries with OCI.

It's fair to say that the competitive landscape for ammonia will soon change, but you could look at both these transactions as companies running fast to stay still.

Any gain in market share caused by each merger is likely to be short-lived, because there are no less than 15 expansion projects already under construction, with more yet to get underway.

Any market share projections that fail to take these expansions into account will be short-sighted, so I've put together some charts ...

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Coffeyville, KS — CVR Partners

Ammonia plant: Coffeyville, Kansas - CVR Partners

UPDATED: 11/21/2016 — see Change Log

OWNER: Coffeyville Resources Nitrogen Fertilizers LLC (CVR Partners LP / CVR Energy Inc)
PROJECT: Ammonia-UAN plant

SUMMARY STATUS: Operational
The Coffeyville plant started up in 2000 and, until 2016, was the newest ammonia plant in the US. It is currently the only ammonia plant in the US to use petroleum coke feedstock. In April 2016, CVR merged with Rentech; and also completed minor expansion work on its Coffeyville ammonia plant.

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East Dubuque, IL — CVR Partners

Ammonia plant: East Dubuque, IL - Rentech Nitrogen

UPDATED: 11/21/2016 — see Change Log

OWNER: East Dubuque Nitrogen Fertilizers, LLC (CVR Partners LP / CVR Energy Inc)
PROJECT: Nitrogen fertilizer plant

SUMMARY STATUS: Operational
The East Dubuque nitrogen plant started up in 1965. Rentech completed expansions of the urea line in 2013 and the ammonia line in 2014. In April 2016, Rentech and CVR Partners merged, and the plant now operates as a subsidiary of CVR. Also in 2016, CVR completed minor expansion work on its ammonia plant.

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