Correction: Flint Hills project
Nov 29, 2005 8:58 AM
Editor's note: bulktransporter.com incorrectly reported that Flint Hills Resources is investing $45 million in an Alaska project. Below is the corrected information.
Flint Hills Resources Alaska, LLC is investing $23 million to supply Alaskans with low sulfur fuels. Tesoro Corp has announced a $45 million project to construct a distillate desulfurization unit at its Kenai Refinery. Flint Hills will contribute $15 million for that project. Flint Hills also is spending $8 million to enable these fuel terminals to handle the low sulfur fuels.
Flint Hills will receive up to 6,000 barrels of low sulfur gasoline and diesel per day to supply its customers.
In addition, Flint Hills Resources has announced several capital projects aimed at improving fuel supply in the areas it serves. In Texas, the company is adding fuel storage and transportation capacity to meet growing Texas fuel demand. In Minnesota, the company plans to increase its Minnesota refining capacity by 50,000 barrels per day to meet growing demand in the Upper Midwest.
The company also has increased pipeline capacity by 10,000 barrels per day to markets it serves in Wisconsin, and will increase its Texas pipeline capacity by 30,000 barrels per day.
Flint Hills Resources Alaska, LLC is a wholly owned subsidiary of Flint Hills Resources. Flint Hills Resources is a producer of fuels and other petrochemical products. The company operates refineries in Corpus Christi TX, North Pole AK, and Pine Bend MN, and associated fuel products terminals, as well as a chemical intermediates plant near Joliet IL.
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