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."
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.