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The Pine Bend Refinery is the largest oil refinery in Minnesota, located in the Twin Cities suburbs of Rosemount and Inver Grove Heights next to southern split of U.S. Highway 52 and Minnesota State Highway 55. The refinery is notable for being the largest in the United States to be located in a state without any oil wells.
The Minnesota Pipe Line (or MPL) is a crude oil pipeline that runs from Clearbrook, Minnesota southward to the Twin Cities. [1] Construction began in 2007 after the State of Minnesota approved the building permit, [2] and ended in 2008; it is owned by Minnesota Pipe Line Company, LLC (MPL) and is operated by Koch Pipeline Company, a wholly owned, indirect subsidiary of Koch Industries.
A SuperAmerica gas station in Saint Paul, Minnesota (2017) In 2004 Marathon bought out Ashland's share. In February 2011, Marathon sold its SuperAmerica stores along with the Marathon refinery in St. Paul Park, Minnesota to Northern Tier Energy, a newly formed company backed by the private equity firms ACON Investments and TPG Capital . [ 7 ]
Western Refining acquired a controlling interest in the company in 2013 for $775 million. [4] By 2015, Western's ownership stake was 38% and it proposed in October to acquire the remainder of the company; [ 5 ] it decided to dissolve Northern Tier early by buying all the shares and pay $860 million to close the deal on June 23, 2016.
Western Refining (WNR) has been publicly traded on the New York Stock Exchange since January 2006 and is the fourth largest publicly traded independent refiner and marketer in the nation. [10] The company is headquartered in El Paso, Texas; [11] its refineries are located in El Paso, Gallup, New Mexico, and St. Paul Park, Minnesota.
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The Pine Bend oil refinery in Rosemount, Minnesota, run by Flint Hills Resources, a subsidiary of Koch Industries. Date: Taken on 4 January 2018, 14:58: Source: Pine Bend Oil Refinery - Flint Hills Resources - Rosemount, Minnesota: Author: Tony Webster from Minneapolis, Minnesota, United States
Governor Gavin Newsom said Thursday he will compel California oil refineries to stockpile additional fuel reserves in an effort to ward off price spikes, marking the latest move in his multi-year ...
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