CVR Partners, LP UAN,
a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer
products, today provided an update regarding the UAN expansion project at its
Coffeyville, Kan., fertilizer facility that is expected to increase UAN
production capacity to more than 3,000 tons per day.
All machinery and equipment for the project has been installed and related
infrastructure is in place. However, delays in the commissioning and required
testing of certain control equipment have deferred the expansion start-up date
until early March. In the interim, the existing fertilizer plant continues to
produce ammonia and UAN at full rates.
While the delayed start-up is anticipated to impact 2013 full year cash
available for distribution by approximately 5 cents per common unit, the
company continues to expect a significant double-digit increase in cash
available for distribution for the full year of 2013 as compared to 2012. The
company reaffirms its expectation for 2012 full year distributable cash flow
in the range of $1.70 to $1.80 per common unit.
Full financial guidance for 2013 will be provided with the release of the
company's 2012 fourth quarter and full year results in the first quarter of
2013.
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