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According . POET, the largest biofuels producer in the United States, is in discussions with Flint Hills Resources to acquire the entirety of Flint Hills' ethanol assets, both companies told Reuters on Thursday. 8108 to learn more about this membership benefit. SIOUX FALLS, SD - POET, the world's largest producer of biofuels, has acquired the bioethanol assets of Flint Hills Resources' in their entirety, expanding the company's . Flint Hills Resources launches new co-products operation Koch Industries looks to sell biofuels business - MSN 8 years of working at FHR. The move includes the Flint Hills Resources Houston and Longview, Texas, chemical facilities and support employees. Flint Hills Resources's top competitors include Exxon Mobil, BP and Chevron. In the News. Some 80 jobs will be lost. POET acquires Flint Hills Resources' biofuel business Jun 5, 2021. Based in Wichita, Kan., the company has nearly 4,000 employees and is a wholly owned subsidiary of Koch Industries Inc. Environmental Initiative is fortunate to be one of those organizations, as our strong partnership goes back to the early 2000s. Based in Wichita, Kansas, Flint Hills Resources is an independent company and wholly owned subsidiary of Koch Industries, Inc., one of the largest private companies in America. We respect your privacy. Press release. Data & News supplied by www.cloudquote.io. Email Address. Wichita, Kansas-based Flint Hills is a subsidiary of Koch Industries, and the transaction includes the subsidiary's entire biofuels portfolio. POET to Buy Flint Hills 051821. The decision to idle the 50 million gallon per year biodiesel plant was made due to tough economics driven by low soybean prices. Flint Hills Resources said on Thursday it was in the process of re-starting its Houston facility following a maintenance outage that began in early September. "Demand for protein in the world is growing," said Mark Murphy, general manager of ingredients marketing at Flint Hills Resources. POET also makes other products including distillers dried grains, a high protein animal feed and corn oil. Downstream, Altivia announced sales control for US phenol and alpha-methylstyrene (AMS ROSEMOUNT, Minn. - The thick plumes of steam rising from the Flint Hills Resources Pine Bend Refinery can be seen for miles on Hwy. The company expects to start up the new MSC technology later this summer. From being a manager of a department to volunteering on the Fire department, the company has treated myself and my family with such goodness. Jon Burleson. Photo courtesy Jason Ahlers. Sugar Land, Texas - November 16, 2011 - Rangeland Energy, LLC announced today that the company has executed a long-term agreement with Flint Hills Resources for handling significant crude oil volumes at Rangeland's crude oil loading terminal in Williams County, N.D. Flint Hills Resources is a leading transporter, marketer and refiner of crude oil and petroleum products in the United States. (Seattle, Washington - September 10, 2014) The U.S. Environmental Protection Agency has reached a settlement with Flint Hills Resources, which owns and operated a petroleum refinery in North Pole, Alaska, for alleged mishandling of hazardous waste generated during groundwater cleanup actions at the refinery. Gain real experience. Jun 03, 2021. Flint Hills Resources operates six ethanol plants that have a combined annual capacity of 650 million gallons of ethanol (Fairbank, Iowa Falls, Menlo, Shell Rock, and Arthur, Iowa and Fairmont . Ventures Project Coordinator Lead (Current Employee) - Rosemount, MN - November 26, 2016. Back then the refinery refined about 25,000 barrels of oil annually. 52 south of the Twin Cities Apr 25, 2021. www.news-journal.com . NEW YORK, June 1 (Reuters) - POET, the largest biofuels producer in the United States, has acquired Flint Hills Resources' entire ethanol business, POET announced on Tuesday. Flint Hills Resources is a recipient of the Environmental Protection Agency's Clean Air Excellence Award for voluntarily reducing emissions. The Beatrice Duonix biodiesel closed in July, and there are no expectations that the owners, Flint Hills Resources, will re-open the plant as a biodiesel producer. Located in Rosemount, the Flint Hills Resources Pine Bend refinery is a leading producer of . "NexPro is a combination of corn protein and spent yeast. Submitted photo. With 1,000 full-time employees, the Flint Hills Resources Pine Bend refinery is one of the largest employers in Dakota County. Tuesday, June 1, 2021. Flint Hills Family Festival returns for 20th year. Flint Hills Resources is an industry leader in refining, chemicals, and biofuels and ingredients, with operations primarily in Texas and the Midwest. It owns refineries in Alaska, Minnesota, and Texas and chemical plants in Illinois, Michigan and Texas. First Name. Infor is a global leader in business cloud software solutions specialized by industry. POET acquires Flint Hills Resources' biofuel business. Flint Hills Resources. Flint Hills Resources has announced its decision to halt production at its Duonix biodiesel plant in Beatrice, Nebraska, US, as first reported by the Beatrice Daily Sun.. Flint Hills is headquartered in Wichita . Williams in 2004 sold the refinery to Flint Hills Resources. July 4, 2021. Andy Saenz. Home of the Flint Hills. The acquisition includes six bioprocessing facilities located in Iowa and Nebraska and two terminals in Texas and Georgia. September 16, 2021. Flint Hills Resources has begin construction on a $20 million expansion of its Waupun, Wisconsin fuel terminal. Company profile page for Flint Hills Resources LP including stock price, company news, press releases, executives, board members, and contact information Although some ethanol plants idled during the COVID-19 crisis have begun to resume operations as stay-at-home orders are lifted and fuel demand increases, Flint Hills Resources has announced its plant in Georgia will be permanently shuttered. Home of the Flint Hills can provide care for up to 16 residents. Sign up with your email address to receive Black Entrepreneurs of the Flint Hills news and updates. Flint Hills Resources told 12News it was responding to an ethylene release at its Sour Lake terminal along with the Hardin County Sheriff's Office and the Sour Lake Fire Department according to . The purchase boosts Poet's production capacity by 40 percent and makes the company the world's largest producer of biofuels. Quotes delayed at least 20 minutes. Jon Burleson. Company profile page for Flint Hills Resources LLC including stock price, company news, press releases, executives, board members, and contact information July 29 2021. The Flint Hills Resources Pine Bend refinery collaborates with a variety of Minnesota organizations that focus on environmental stewardship, safety, and education. This announcement follows Flint Hills Resources' $250 million plan to upgrade its Corpus Christi Refinery. In a community hotline statement, the company said there may be periods of flaring and steam venting operations during start-up. The project will help meet demand for transportation fuels in the central and northeastern parts of the state, including the Fox River Valley and Green Bay markets. Since 1997, Flint Hills Resources refineries have reduced emissions by 70 percent. "They have deep domain industry expertise, and an aligned focus on delivering highly-valued and sustainable products to the marketplace." About Encina Development Group Regional Manager, Public Affairs. POET production capacity increases to 3 billion gallons per year. About Flint Hills Resources. The plant is expected to continue operating normally. The deal will boost . June 30, 2021. Flint Hills Resources is experiencing production issues at its 815,000 tonne/year unit in Corpus Christi. Visit page. Flint Hills Resources has begin construction on a $20 million expansion of its Waupun, Wisconsin fuel terminal. "Nature and industry can thrive side by side.". Flint Hills Resources, a subsidiary of Koch Industries, announced this week that it will tear down its closed petrochemical plant in Odessa, Texas, despite local efforts to buy and reopen it. The project will help meet demand for transportation fuels in the central and northeastern parts of the state, including the Fox River Valley and Green Bay markets. In a June 1 story about South Dakota-based company POET's purchase of several Flint Hills Resources ethanol plants, The Associated Press erroneously reported the location of the Nebraska plant it . Flint Hills also has oil refineries and makes other products, including chemicals and asphalt. Stock quotes supplied by Barchart. Through resources, programming, mentorships, ambassadors, and relationship building. Each month, we feature information about one of our members on the Initiative blog and on our website. Flint Hills operates a refinery near the City of North Pole, Alaska. (DTN) -- Poet LLC cemented its place as the largest ethanol producer in the United States by acquiring all the biofuels assets of Wichita, Kansas-based Flint Hills Resources, in a . Flint Hills Resources Pine Bend refinery was established in 1955. LINCOLN, Neb. 361-242-8772. B y Stephanie Kelly. Recent news which mentions Flint Hills Resources LLC. Have your voice heard. Last Name. Gulf Coast refineries spent years readying for heavier crudes from South America, but the latest boom in domestic production has reversed the trend. The deal will boost POET's ethanol production . Learn about Flint Hills Resources commitment to responsibility. Corpus Christi Refinery and Texas Pipelines and Terminals. Flint Hills Resources News & Media. Flint Hills Resources directly and indirectly supports more than 4,000 Minnesota jobs and has invested nearly $1.7 billion on upgrades and improvements to its Minnesota facilities since 2010. Flint Hills Resources near Melo, which manufactures ethyl alcohol, has been acquired by POET. Home of the Flint Hills is a senior care facility in Saint George, Kansas. Flint Hills Resources is an industry leader in refining, chemicals, and biofuels and ingredients, with operations primarily in the Midwest and Texas. SIOUX FALLS, S.D. Deanna Altenhoff. Flint Hills is branding the new product as NexPro protein ingredient. POET will now operate 33 bioprocessing facilities across eight states with a . More to explore. It strives to create value for its customers and society - through the way its facilities operate, its efficient use of resources, the products it produces and markets, and its involvement in its communities. Flint Hills Resources, LLC, through its subsidiaries, is an industry leader in refining, chemicals, and grain processing, with operations primarily in the Midwest and Texas. Downstream, Altivia announced sales control for US phenol and alpha-methylstyrene (AMS June 09 2021. This acquisition is a direct result of that business mandate, and adds to assets acquired in 2003 and 2004. Flint Hills Resources announced today plans to begin construction on a $20 million expansion of its Waupun, Wisconsin fuel terminal. These numbers translate into practical benefits. We build industry suites in the cloud, which enables us to efficiently deploy technology that puts the user experience first, leverages data science, and integrates easily with other systems. Flint Hills Resources is closing a 50-million-gallon biodiesel plant in Beatrice, Nebraska, pointing to a fall in soybean prices as a reason. POET, the world's largest producer of biofuels, has acquired the bioethanol assets of Flint Hills Resources' in their entirety, expanding the company's production capacity by 40%. The company has not confirmed the plant's status. Be a part of change and contribute to Black Entrepreneurs of the Flint Hills. Deb, an operations innovation director, and Mike, an enterprise leak detection and repair (LDAR) execution lead, have together clocked up nearly 60 years at Flint Hills' Corpus Christi East and West, two of the three Flint Hills Resources . Working at Flint Hills Resources has gained me tremendous opportunity to enhance my resume. Flint Hills Resources - $20 million expansion. Flint Hills Resources is an industry leader in refining, chemicals, biofuels and ingredients, with operations primarily in the Midwest and Texas. Thank you! Submitted photo. As an early career hire at a Koch company, there are thousands of chances to get all this and more. The decision affects most refinery staff and outside . NEW YORK, June 1 (Reuters) - POET, the largest biofuels producer in the United States, has acquired Flint Hills Resources' entire ethanol business, POET announced on Tuesday . Flint Hills Resources operates a system of refined products terminals that . POET is a world leader in green bioproducts, with an ever-growing suite of renewable solutions . About us. Poet . It's a wholly owned subsidiary of Koch and . 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