INGLESIDE, Texas--(BUSINESS WIRE)--Sep 4, 2018--Flint Hills Resources announced today plans to expand storage and outbound crude loading capacity at its storage terminal in Ingleside, Texas to approximately 380,000 barrels per day.

The project currently consists of construction of four new crude storage tanks, 60,000 barrels per hour of total loading capability, plus the associated pumps and piping. The expected in-service date for the project is October 2019 subject to state permitting approvals. When the project is completed, Ingleside will have a total crude storage capacity of approximately 3.5 – 4.0 million barrels.

Currently, the Ingleside terminal utilizes two docks, including one that supports loading of Suezmax-size vessels. Flint Hills Resources is also evaluating a separate project that would allow it to load “VLCC” or Very Large Crude Carrier-size vessels in the future.

In addition to the Ingleside terminal expansion, Flint Hills Resources plans to build connections to the recently announced crude pipelines coming from the Permian Basin.

About Flint Hills Resources

Flint Hills Resources is an industry leader in refining, chemicals, and biofuels and ingredients, with operations primarily in the Midwest and Texas. Its manufacturing capability is built upon six decades of refining experience, and the company has expanded its operations through capital projects and acquisitions worth more than $15 billion since 2002. Based in Wichita, Kansas, the company has more than 4,500 employees and is a wholly owned subsidiary of Koch Industries, Inc.

Flint Hills Resources’ subsidiaries produce and market gasoline, diesel, jet fuel, asphalt, ethanol, biodiesel, olefins, polymers, intermediate chemicals and base oils. They also produce distillers corn oil, distillers grains and fertilizers.

Flint Hills Resources’ refining business operates refineries in Minnesota (Rosemount) and Texas (Corpus Christi), with a combined crude oil processing capacity of more than 600,000 barrels per day. Its petrochemical business includes production facilities in Illinois (Peru and Joliet) and Texas (Corpus Christi, Houston, Port Arthur and Longview). Its asphalt business produces and markets product in the Midwest. The biofuels business operates ethanol plants in Georgia (Camilla), Iowa (Arthur, Fairbank, Iowa Falls, Menlo and Shell Rock) and Nebraska (Fairmont) that have a combined annual capacity of 850 million gallons of ethanol, and a biodiesel plant in Beatrice, Nebraska, with an annual capacity of 50 million gallons of biodiesel.

Flint Hills Resources also owns or operates more than 4,000 miles of pipelines that transport crude oil, refined petroleum products, natural gas liquids and chemicals. More information at www.fhr.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005599/en/

CONTACT: Flint Hills Resources

Andy Saenz, 361-242-8772

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS TRANSPORT MARITIME

SOURCE: Flint Hills Resources

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PUB: 09/04/2018 10:51 AM/DISC: 09/04/2018 10:51 AM

http://www.businesswire.com/news/home/20180904005599/en