Latest Refinery Stories

Capital Investment Costs Fully Reserved at IPO in January 2013 SUGAR LAND, Texas, April 3, 2013 /PRNewswire/ -- CVR Refining, LP (NYSE: CVRR), a subsidiary of CVR Energy, Inc. (NYSE: CVI), today announced that the proposed U.S. Environmental Protection Agency Tier III sulfur regulations will have no impact on the company's previously announced full year 2013 distribution guidance of $5.50 to $6.50 per common unit. The midpoint of this guidance represents a distribution yield of 19...

ALBANY, New York, January 2, 2013 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Butanes Market - Global Industry Size, Market Share, Trends, Analysis and Forecast, 2010 - 2018", the global market for butanes was estimated to be 201.26 million tons in 2011 and is expected to reach 236.45 million tons by 2018, growing at a CAGR of 2.46% from 2013 to 2018. In terms of revenues, the market...

YONKERS, N.Y., Oct. 4, 2012 /PRNewswire/ -- American Sugar Refining, Inc., the world's largest sugar refining company, became the majority shareholder of Belize Sugar Industries, Ltd., the chief supplier of Fair Trade-certified sugar globally. American Sugar acquired a majority of BSI, while the company's previous shareholders, including BSI Employee Holdings Limited, continue to hold the remaining shares. "The BSI acquisition presented an opportunity to expand our sugar business...

NEW ORLEANS, Oct. 4, 2012 /PRNewswire/ -- American manufacturing reaches new heights as Domino Sugar's Louisiana sugar refinery becomes the nation's first to reach the one-million-ton production mark in a single year. Domino Sugar's Chalmette Refinery, located in St. Bernard Parish just outside New Orleans, proved there is no substitute for experience, as the more than 100-year-old sugar factory reached an amazing new milestone - surpassing one million tons of sugar processed in...

GRAMERCY, La., Aug. 16, 2012 /PRNewswire/ -- Louisiana Sugar Refining, LLC (LSR), announced today that it recently received a re-export license from the United States Department of Agriculture (USDA), which will allow LSR access to the world sugar market. "A re-export license will give our customers access to world sugar prices," said Red Geurts, LSR general manager and CEO. "It will allow them to be more competitive in the world market." According to the USDA, the Refined Sugar...

INDIANAPOLIS, Aug. 14, 2012 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. ("Calumet") (NASDAQ: CLMT) announced today that it has signed a definitive agreement to acquire Montana Refining Company, Inc. ("Montana Refining") for aggregate consideration of $120 million, plus an amount for working capital, including inventory and accounts receivable, to be determined at closing (the "Montana Refining Acquisition"). Closing of the transaction is expected to occur in the fourth...

O'AHU, Hawaii, Aug. 10, 2012 /PRNewswire/ -- On August 9, 2012, HAWAI'IGAS, Hawai'i's clean gas energy provider, filed an application with the Federal Energy Regulatory Commission (FERC) requesting authority to import Liquefied Natural Gas (LNG) to Hawai'i. Under the terms of the Natural Gas Act, HAWAI'IGAS seeks to initiate the first of three phases of a program for the use of this clean, cost effective fuel for customers. The gas is being shipped from the Continental United...

WASHINGTON, May 24, 2012 /PRNewswire/ -- In recent weeks, there has been a rash of inaccurate reports about all-natural sugar. These reports have continually misrepresented the facts surrounding several scientific studies, overlooked biological differences between all-natural sugar and man-made sweeteners and ignored government data. Rather than educating consumers, they have only contributed to greater confusion about sugar and its role as part of a balanced diet and healthy...

BALTIMORE, April 6, 2012 /PRNewswire/ -- Baltimore's Domino Sugar refinery will make history on Monday [April 9] by receiving the largest single raw sugar shipment to be delivered to any port east of the Mississippi. The inner harbor's iconic refinery will set a record by receiving more than 95 million pounds of raw sugar, just six weeks short of the factory's 90th anniversary. "The significance of this event is hard to overstate," said Refinery Manager Stu FitzGibbon. "In...

BELLE GLADE, Fla., March 29, 2012 /PRNewswire/ -- After seven years of volatile weather conditions including hurricanes, droughts and freezes, Mother Nature gave us a break combined with excellent performance in the field and processing facility, sugar production is once again on an up-swing for 2011-12 harvest season - Sugar Cane Growers Cooperative's 50th crop. The 141 day crop commenced on Nov. 5, 2011 with liquidation completed on March 25, 2012. The 46 grower-members of the...