Thyssen Added as Cronus Shareholder
Junior ammonia plant developer Cronus Fertilizers has announced changes to its partnership with thyssenkrupp Industrial Solutions (tkIS) that it says will enhance the success of Cronus’ proposed Tuscola, Ill., ammonia plant. Cronus has extended its fixed price, lump-sum turnkey engineering, procurement and construction (EPC) contract with tkIS through June 30, 2021, and is finalizing an additional operations and maintenance (O&M) agreement with tkIS. Under the terms of the O&M agreement, tkIS will be involved in operating and maintaining the plant once it begins production. In addition, tkIS will become a minority shareholder in Cronus Fertilizers LLC.
The planned facility would produce up to 2,300 mt of ammonia per day.