Cronus Fertilizers Announces New EPC Contractor and Significant Project Updates
Following an extensive process, Cronus made changes to the project and replaced its EPC contractor in order to ensure the project is consistent with the current needs of the market. While the overall size of the project is unchanged, the revised plant design will focus more on ammonia production and on-site delivery than originally anticipated. Executing a fixed price, lump-sum turnkey contract with TKIS will provide Cronus with financial certainty as it continues driving the project forward.
Cronus has also extended the option agreement with the Urbana and Champaign Sanitary District (UCSD) for the procurement of effluent water for 25 years and has extended the land options for the facility and water pipeline. The pipeline will carry treated wastewater to be used by the Cronus plant.
“With this agreement in place, project development will now accelerate,” said Erzin Atac, CEO of Cronus Chemicals. “Thyssenkrupp Industrial Solutions, a Fortune Global 500 company, is the leading builder of fertilizer projects and will be involved in every aspect of constructing this state-of-the-art facility.”
State Senator Chapin Rose (R-Mahomet) has championed the plant for years, with an eye on creating good-paying construction jobs and long-term careers once the plant is open. “I am very excited and look forward to breaking ground. Cronus Fertilizers will be a great economic ‘shot in the arm’ for the entire region,” he said.
The Cronus plant will be a major new source of fertilizer for farmers, now with the capacity to produce 2,300 metric tons per day of ammonia and up to 2,000 metric tons per day of granular urea. The plant’s strategic location will benefit Illinois and area farmers by producing fertilizer locally that can be delivered via pipeline or truck, replacing the need for imported products.
About Cronus Fertilizers
Cronus Fertilizers is a project of Cronus Chemicals, LLC. Cronus Fertilizers works to provide high-quality, locally produced fertilizers for Midwestern farmers, while reducing reliance on imported nitrogen products. Cronus Chemicals, LLC was formed by a highly accomplished team of executives with decades of experience in the development, manufacturing and marketing of fertilizer products. www.cronuschem.com
ContactsAileron Communications
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Peter Gray, 312-629-9400
pgray@aileroninc.com
Project on track for 2018 groundbreaking
CHICAGO–(BUSINESS WIRE)–Cronus Fertilizers announced today that it has signed an agreement with
Thyssenkrupp Industrial Solutions (TKIS), one of the world’s leading
fertilizer plant technology and construction companies, to serve as its
new engineering, procurement and construction (EPC) contractor for its
Tuscola, Illinois fertilizer plant. This agreement will enable the
companies to execute an EPC contract on a fixed price, lump-sum turnkey
basis, and puts the proposed Cronus Fertilizers plant on track to start
construction in 2018.
Following an extensive process, Cronus made changes to the project and
replaced its EPC contractor in order to ensure the project is consistent
with the current needs of the market. While the overall size of the
project is unchanged, the revised plant design will focus more on
ammonia production and on-site delivery than originally anticipated.
Executing a fixed price, lump-sum turnkey contract with TKIS will
provide Cronus with financial certainty as it continues driving the
project forward.
Cronus has also extended the option agreement with the Urbana and
Champaign Sanitary District (UCSD) for the procurement of effluent water
for 25 years and has extended the land options for the facility and
water pipeline. The pipeline will carry treated wastewater to be used by
the Cronus plant.
“With this agreement in place, project development will now accelerate,”
said Erzin Atac, CEO of Cronus Chemicals. “Thyssenkrupp Industrial
Solutions, a Fortune Global 500 company, is the leading builder of
fertilizer projects and will be involved in every aspect of constructing
this state-of-the-art facility.”
State Senator Chapin Rose (R-Mahomet) has championed the plant for
years, with an eye on creating good-paying construction jobs and
long-term careers once the plant is open. “I am very excited and look
forward to breaking ground. Cronus Fertilizers will be a great economic
‘shot in the arm’ for the entire region,” he said.
The Cronus plant will be a major new source of fertilizer for farmers,
now with the capacity to produce 2,300 metric tons per day of ammonia
and up to 2,000 metric tons per day of granular urea. The plant’s
strategic location will benefit Illinois and area farmers by producing
fertilizer locally that can be delivered via pipeline or truck,
replacing the need for imported products.
About Cronus Fertilizers
Cronus Fertilizers is a project of Cronus Chemicals, LLC. Cronus
Fertilizers works to provide high-quality, locally produced fertilizers
for Midwestern farmers, while reducing reliance on imported nitrogen
products. Cronus Chemicals, LLC was formed by a highly accomplished team
of executives with decades of experience in the development,
manufacturing and marketing of fertilizer products. www.cronuschem.com
Contacts
Aileron Communications
Peter Gray, 312-629-9400
pgray@aileroninc.com
