CVI CVR Energy Inc

MONARCH BEACH, Calif., Sept. 15 /PRNewswire/ -- CVR Energy, Inc. (NYSE: CVI), a refiner and marketer of petroleum fuels and a nitrogen fertilizer manufacturer, today announced that it ranked No. 86 on the 2010 InformationWeek 500, an annual listing of the nation's most innovative users of business technology.  

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This is the second consecutive year the company has been named as a top technology innovator by InformationWeek 500. CVR Energy debuted at No. 223 last year.

CVR Energy was recognized this year for developing and implementing business applications that successfully automated several business processes and created significant costs savings.

"It's an honor to be recognized among the forward-thinking companies named to the top 100 of the InformationWeek 500 list," said Mike Brooks, CVR Energy vice president and chief information officer. "Our goal is to improve efficiency, productivity and profitability by continually identifying and implementing new technologies that tightly integrate personnel and business systems. We are pleased to be publicly recognized for taking an innovative approach to our business practices."

One of the key reasons for CVR Energy's nomination to the InformationWeek 500 list was its deployment of eMAC (electronic move add change), a custom-designed workflow management system that tracks all requests to IT systems.  Created by Overland Park, Kan.-based Gen3 Technologies, eMAC implements a systematic approach to validating individual access to all systems on a quarterly basis, creating a 100 percent–zero exception validation of users and systems. The application strengthened network and business systems security and saved the company hundreds of thousands of dollars annually in labor costs.

"For 22 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "As we start to emerge from the worst recession in decades, the IT focus is now on driving growth—new sources of revenue, new relationships with customers, even new business models. This year's ranking placed special emphasis on those companies and the business technology executives leading that charge."

InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing, and also tracks the technology, strategies, investments and administrative practices of America's best-known companies. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders. Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.  

About CVR Energy, Inc. (www.cvrenergy.com)

Headquartered in Sugar Land, Texas, CVR Energy, Inc.'s subsidiary and affiliated businesses include an independent refiner that operates a 115,000 barrel per day refinery in Coffeyville, Kan., and markets high value transportation fuels supplied to customers through tanker trucks and pipeline terminals; a crude oil gathering system serving Kansas, northern Oklahoma, western Missouri and southwestern Nebraska; an asphalt and refined fuels storage and terminal business in Phillipsburg, Kan.; and through a limited partnership, an ammonia and urea ammonium nitrate fertilizer business located in Coffeyville, Kan.

About InformationWeek Business Technology Network (www.informationweek.com)

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SOURCE CVR Energy, Inc.