Flint Hills to buy ethanol plants in Iowa

By OGJ editors
HOUSTON, Jan. 7
-- Flint Hills Resources LP plans to buy two ethanol plants in Iowa from Hawkeye Renewables LLC, which last year restructured its finances under bankruptcy protection.

Flint Hills will buy a 100-million-gal/year plant in Iowa Falls and a 115-million-gal/year plant in Fairbank. The company, part of Koch Industries Inc., has more than 800,000 of distillation capacity in refineries in Texas, Alaska, and Minnesota.

The refiner already owns ethanol plants with capacities of 110 million gal/year each in Menlo and Shell Rock, Iowa. In Iowa, it operates a fuel terminal and asphalt plants at Algona, Davenport, and Dubuque. It also distributes fuels in the state.

Flint Hills didn’t disclose the purchase price.

Related Articles

IHS International: US poised to lead world exports of LPG

03/25/2014 US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistanc...

BASF-Total venture starts up 10th furnace at Port Arthur steam cracker

03/24/2014

BASF Total Petrochemicals LCC (BTP) reported the startup of a 10th furnace at its steam cracker facility in Port Arthur, Tex.

Phillips 66 considers splitter at Sweeny refinery

03/21/2014 Phillips 66 is evaluating the potential for the addition of a condensate splitter near its 247,000-b/d Sweeny refinery in Old Ocean, Tex., just sou...

Second small diesel refinery planned for North Dakota

03/21/2014 Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North D...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected