The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance, Shell said. HollyFrontier said it would buy Puget Sound Refinery. Equilon . HollyFrontier has received a consensus rating of Hold. HollyFrontier and its directors and certain of its executive officers and employees may be deemed tobe participants in the solicitation ofproxies in connection with the issuance of the Sinclair Stock Consideration. The current value is estimated to be in the range of $150m to $180m. HollyFrontier's Nelson Complexity . HollyFrontier estimates the purchase will generate $7.5 million in annual revenue before taxes. Construction of Pre-Treatment Unit at the Artesia Refinery. Total Rewards. HollyFrontier will buy the Puget Sound refinery near Anacortes for $350 million in cash, plus hydrocarbon inventory to . The deal also will include purchase of inventory . We are excited to announce that yesterday HollyFrontier entered into an agreement to acquire Shell's Puget Sound Refinery for a purchase price of $350 million plus hydrocarbon inventory to be . At last check HollyFrontier shares were trading 8.9% lower at $33. From time to time may be required to work in petroleum refinery, warehouse/plant environment, and . (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj. HollyFrontier Corp. has announced that it has entered into a definitive agreement to acquire the Puget Sound refinery, the on-site cogeneration facility and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell) for a purchase price of US$350 million, plus hydrocarbon inventory to be valued at closing with an estimated current value in the range of US$150 . HollyFrontier Corporation today announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site cogeneration facility and related logistics assets, from . An oil refinery in Artesia was listed as one of the nation's top emitters of air-polluting benzene, a carcinogen known to cause cancer with long term exposure. HollyFrontier has a 39,330 b/d refinery in Woods Cross, Utah. The acquisition includes Sinclair Oil's branded marketing business and all related commercial activities as well as its refineries and related operations and . HollyFrontier and its affiliate Holly Energy Partners (HEP) have signed agreements to acquire almost all of Sinclair Oil's refining, renewable diesel, and logistics assets for $2.6bn. The refinery sale forms part of Shell's plans to reduce its global refinery footprint to core sites. revenue grows by 37% in 2022 and 9% in 2023 with increased capacity from Puget Sound and Sinclair, and. HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced the completion of the previously announced acquisition of the Puget Sound Refinery, the on-site . .

As part of the transaction, HollyFrontier will . . The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance, Shell said. . DALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced the completion of the previously announced acquisition of the Puget Sound Refinery, the on . Since the merger of Holly Oil Corporation (HOC . Sinclair Wyoming has a 75,000 b/d refinery in Sinclair, Wyoming, which can . HOUSTON - Equilon Enterprises LLC d/b/a Shell Oil Products U.S. (Shell), a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to a subsidiary of HollyFrontier Corporation, an independent refiner headquartered in Texas (HollyFrontier), for $350 million in cash plus the value of the hydrocarbon inventory. 05/04/2021 251. Holly is to acquire the Sinclair Oil Corp. and Sinclair Transportation Co. in a deal aimed in part at expanding its renewable diesel production.

Dallas-based HollyFrontier Corp. is suspending its quarterly dividend payments for a year and tapping its cash reserves to fund a $500 million deal for a West Coast . Dallas-based HollyFrontier Corp. and Holly Energy Partners LP will acquire a 105-year-old oil company known for its dinosaur logo and a related business for a combined value of nearly $2.6 billion . A new company, HF Sinclair Corp, will replace HollyFrontier as the public company trading on the New York Stock Exchange. revenue grows by just 1% compounded annually from 2024 - 2031, then. DALLAS-- (BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced the completion of the previously announced acquisition of the Puget Sound Refinery, the on-site cogeneration facility and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US ("Shell") for aggregate cash . HollyFrontier will buy the Puget Sound refinery near Anacortes for $350 million in cash, plus hydrocarbon inventory to be valued at closing with an estimated current value of $150 MM-$180 MM, the companies said. valued at closing with an estimated current value of $150. !Hollyfrontier is buying 678,000 bpd refinery bigger, than Dangote refinery, plus other logistics , green and marketing assets 100 percent for US$2.6 billion. . An independent petroleum refiner in the United States with operations throughout the mid-continent, southwestern and Rocky Mountain regions. HollyFrontier is waiting for regulatory approval to close on its purchase of Wyoming-based Sinclair Refining, which will add more RDU and pretreatment capacity, with expectations the deal will close in 2022. HollyFrontier, the company that owns Cheyenne's Frontier Oil Refinery, will buy portions of the Sinclair Companies, including its two refineries in Wyoming, the companies announced Tuesday. HollyFrontier Corporation HFC entered a definitive agreement with Royal Dutch Shell Plc RDS.A to purchase the latter's Puget Sound Refinery in the United States.. Equilon Enterprises LLC, which operates as Shell Oil Products U.S., is a subsidiary of Shell that owns the Puget Sound refinery, located near Anacortes, WA. The Sinclair, Wyoming, facility already has 115 million gal/year renewable diesel capacity at its 75,000 b/d refinery and Sinclair is . Dallas-based HollyFrontier Corp. and Holly Energy Partners LP will acquire a 105-year-old oil company known for its dinosaur logo and a related business for a combined value of nearly $2.6 billion . U.S. Oil Refiner Stock #3: HollyFrontier (HFC) HollyFrontier was formed with the merger of two independent U.S. refiners, Holly Corporation and Frontier Oil, in 2011. US independent petroleum refiner and marketer HollyFrontier Corporation has bought the 149,000 bpd Puget Sound refinery from Shell subsidiary Equilon Enterprises for US$350 million (290 million). HollyFrontier will buy the Puget Sound refinery near Anacortes for $350 million in cash, plus hydrocarbon inventory to be valued at closing with an estimated current value of $150 million to $180 . revenue grows by just 1% compounded annually from 2024 - 2031, then. HollyFrontier (HFC) enters an agreement with Shell to acquire the latter's Puget Sound Refinery in the United States, with catalytic cracking and delayed coking units.

The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating. Office based with occasional refinery visits and with up to 5% travel required by land and air.

The sale includes Shell's on-site cogeneration facility . Additionally, HollyFrontier owns Petro-Canada Lubricants Inc. whose Mississauga, Ontario facility produces 15,600 . Explore these offerings via the links below. Puget Sound refinery. The HollyFrontier Corp. operates the Puget Sound Refinery located on March Point outside of Anacortes, Wash.The plant is the largest taxpayer in Skagit County and one of the county's largest employers. HollyFrontier will purchase the refinery, the on-site cogeneration facility, as well as related logistics assets, for $350m in cash plus the value of the hydrocarbon inventory. In May 2021, HollyFrontier agreed to purchase the Shell Anacortes Refinery near Anacortes, Washington, with capacity of 149,000 bbl/d, for $350 million. Kalluvila) Advertisement 2. 10:44 AM on May 5, 2021 CDT. Dallas-based HollyFrontier Corp. is suspending its quarterly dividend payments for a year and tapping its cash reserves to fund a $500 million deal for a West Coast . HollyFrontier's purchase of Shell Puget Sound Refinery was completed Nov. 1. revenue grows by 37% in 2022 and 9% in 2023 with increased capacity from Puget Sound and Sinclair, and.

HollyFrontier views the West Coast market as short gasoline now, and the 145,000 barrel-a-day Puget Sound refinery it's buying from Royal Dutch Shell Plc has a heavy gasoline yield. HollyFrontier has paid a cash amount of USD 350 million along with the value of its hydrocarbon inventory, which is estimated to be around USD 150-180 million.The refinery is located in Anacortes, Washington and as per US Energy Information Administration (EIA), the refinery has 25,300 bpd of delayed coking capacity and around 60,000 of fluid catalytic cracking capacity. HollyFrontier and its affiliate Holly Energy Partners (HEP) have signed agreements to acquire almost all of Sinclair Oil's refining, renewable diesel, and logistics assets for $2.6 billion. HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site . The complex refinery, with catalytic cracking and delayed coking units, covers an . HollyFrontier Corp. (Dallas, Tex.) Goodwin discounts rumors that Sinclair is putting facility up for sale. HollyFrontier's Navajo Refinery, situated in the small town in southeast New Mexico's Permian Basin oilfield and the town's biggest employer, was reported to have . Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. for $350 million, plus hydrocarbon inventory to be. million to $180 million. HollyFrontier Corporation recently announced that it has agreed to acquire the Puget Sound Refinery, the on-site cogeneration facility and related logistics assets, from Shell for a purchase price of $350 million, plus hydrocarbon inventory. PHILADELPHIA, May 4, 2021: Morgan Lewis advised HollyFrontier Corporation in its agreement to acquire the Puget Sound Refinery and related logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US for a purchase price of $350 million, plus hydrocarbon inventory to be valued at closing with an estimated current value in the range of $150 million to $180 million. It's a busy Merger Monday in deal-making land and a large transaction in the refining industry came to light: Marathon Petroleum's purchase of Andeavor for $35.6 billion.

HollyFrontier and its affiliate Holly Energy Partners (HEP) have signed agreements to acquire almost all of Sinclair Oil's refining, renewable diesel, and logistics assets for $2.6bn. Anacortes, Wash., from the Shell Oil Products unit of Royal Dutch Shell . HollyFrontier is funding the purchase through cash on hand and by suspending its regular . Additionally, HollyFrontier owns Petro-Canada Lubricants Inc. whose Mississauga, Ontario facility produces 15,600 . HollyFrontier also plans to construct a PTU that will process over 80% of the feedstock for both of HollyFrontier's renewable diesel plants. HollyFrontier Corp. stock was trading 4.94% lower after the Dallas, Texas-based company acquired Puget Sound Refinery from Equilon Enterprises LLC d/b/a Shell Oil Products US for $350 million. George Damiris, President and CEO of HollyFrontier, commented, "We are pleased to announce the acquisition of Red Giant Oil, with its outstanding history and brand in the railroad lubricant industry. The RDU will have a production capacity of approximately 125 million gallons a year and allow HollyFrontier to process soybean oil and other renewable []

According to analysts' consensus price target of $41.13, HollyFrontier has a forecasted upside of from its current price of $0.00. The refinery has a capacity of 145,000 barrels a day, making it the 52nd largest in the United States, in 2015, with facilities that include a delayed coker, fluid catalytic cracker . HollyFrontier Corporation entered a definitive agreement with Royal Dutch Shell Plc to purchase the latter's Puget Sound Refinery in the United States. HollyFrontier announced that it has agreed to buy the Puget Sound Refinery from Shell for $350 million. Hiring now in Concord, ON - 32 positions at news, hollyfrontier and j s held including Paralegal, Team Leader, Senior Trainer related to refinery. HollyFrontier will buy the Puget Sound refinery near Anacortes for $350 million in cash, plus hydrocarbon inventory to . !Hollyfrontier is buying 678,000 bpd refinery bigger, than Dangote refinery, plus other logistics , green and marketing assets 100 percent for US$2.6 billion. HollyFrontier to buy Puget Sound Refinery from Shell Back to video. Exit Full Screen. Image: Walter Siegmund/Wikimedia Commons. The . May 7, 2021 11:14AM EDT. Under the terms of HollyFrontier's definitive agreement, HollyFrontier will acquire Sinclair's: Branded marketing business and all commercial activities, which build on an iconic brand with exceptional customer loyalty; Renewable diesel business, which made Sinclair a first-mover in the space; and; Two premier Rocky Mountain-based refineries. We are excited to announce that yesterday HollyFrontier entered into an agreement to acquire Shell's Puget Sound refinery for a purchase price of $350 million plus hydrocarbon inventory to be . Hollyfrontier Corp and its pipeline partner will buy refining and logistics assets from privately held The Sinclair Companies in a $1.8 billion deal, the U.S. refiner said on Tuesday. 10:44 AM on May 5, 2021 CDT. HollyFrontier and its affiliate Holly Energy Partners (HEP) have signed agreements to acquire almost all of Sinclair Oil's refining, renewable diesel, and logistics assets for $2.6 billion. U.S. refiner HollyFrontier Corp. said it would buy a 149,000 barrel per day (bpd) refinery in Washington from Shell as part of the European company's strategy to reduce its global refinery footprint, as reported by Reuters. HollyFrontier Corp. has announced that it has entered into a definitive agreement to acquire the Puget Sound refinery, the on-site cogeneration facility and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell) for a purchase price of US$350 million, plus hydrocarbon inventory to be valued at closing with an estimated current value in the range of US$150 . Residents around Anacortes may notice an odor stemming from the HollyFrontier Puget Sound Refinery, . At the time, the company said the work would require 12 to 18 months to complete and would result in the release of about .

The company operates in three segments: . HollyFrontier Corporation HFC entered a definitive agreement with Royal Dutch Shell Plc RDS.A to purchase the latter's Puget Sound Refinery in the United States. We care about our employees' wellbeing, and we understand planning for the future has never been more important.

HollyFrontier announced Tuesday an agreement to buy the Puget Sound Refinery, the on-site co-generation facility and related logistics assets, from Equilon Enterprises, LLC, doing business as . Sinclair Wyoming refinery. Equilon Enterprises LLC, which operates as . HollyFrontier shares recently traded at $28.50, down 1.5%.

May 4 (Reuters) - U.S. refiner HollyFrontier Corp said on Tuesday it would buy a 149,000 barrel per day (bpd) refinery in Washington from Shell as part of the European company's strategy to reduce its global refinery footprint.