CVR Partners releases 1Q21 results
The company has reported a net loss of US$25 million, or US$2.37 per common unit, on net sales of US$61 million for 1Q21.
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The company has reported a net loss of US$25 million, or US$2.37 per common unit, on net sales of US$61 million for 1Q21.
Scheduled for completion in 2023, the first concrete phase of the project will produce up to 625 t of renewable hydrogen and 3700 tpy of renewable ammonia.
The company expects to begin production in 2022.
The company recorded net income of US$157 million, or US$0.41 per share, for 1Q21.
The company's 1Q21 adjusted net earnings were US$165 million, or US$0.29 per share, and adjusted EBITDA was US$806 million.
The three companies have become limited partners in AP Ventures' Fund II, which invests globally in the hydrogen value chain from production to transport, through storage and to end use.
The company's net profit in 1Q21 was RUB5604 million, against a loss of RUB10 174 million in 1Q20.
At an online signing ceremony, the companies agreed to explore opportunities for implementing Haldor Topsoe’s technologies at Shchekinoazot’s plants.
The company’s Part IV Environmental submission has been approved by the Australian government, having been recommended by the Environmental Protection Agency with no appeals in January 2021.
The NPK complex mineral fertilizers are tailored for the cereal crops grown in West and East Africa.
In the second part of a two-part article, Shahram Hashemi, Shiraz Petrochemical Complex, Iran, continues his review of the development of Iran’s petrochemical and fertilizer industry.
The revamp project at the Ammonia-4 plant has successfully passed guarantee test runs to confirm the capacity of 2500 tpd of ammonia.