CVR Energy, Inc. is a diversified energy company that was founded in 1906. The company is headquartered in Sugar Land, Texas, United States, and operates two business segments: petroleum refining and nitrogen fertilizer production. CVR Energy's refining operations are primarily focused on producing transportation fuels, while its nitrogen fertilizer production is focused on serving agricultural markets.
CVR Energy's refining operations include two refineries located in Kansas and Oklahoma, with a combined capacity of approximately 206,000 barrels per day. The company's refining operations produce a range of transportation fuels, including gasoline, diesel, and jet fuel. CVR Energy's refining operations also include a renewable diesel facility, which produces low-carbon renewable diesel fuel from a variety of feedstocks.
CVR Energy's nitrogen fertilizer production is focused on serving agricultural markets, primarily in North America. The company's fertilizer production includes two nitrogen fertilizer manufacturing facilities located in Oklahoma and Iowa, with a combined annual production capacity of approximately 2.1 million tons of urea ammonium nitrate (UAN) and ammonia.
One of CVR Energy's core strengths is its integrated business model, which allows it to capture synergies between its refining and fertilizer production operations. For example, the company is able to use excess hydrogen from its refining operations to produce ammonia, which is a key input in its fertilizer production.