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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.
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.
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.
There is a connection at the Pine Bend Refinery to the Wood River Pipeline, which currently carries crude oil from the St. Louis, Missouri area to Minnesota. [ 1 ] In 2008 Minnesota Pipe Line completed a parallel 24-inch (610 mm) line to expand the pipeline capacity from Clearbrook to the Twin Cities by 165,000 barrels per day (26,200 m 3 /d ...
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. [8]
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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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