The company operates in three segments: . 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. Equilon Enterprises LLC, which . Equilon . for $350 million, plus hydrocarbon inventory to be. HollyFrontier Corporation has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site cogeneration facility, and related logistics assets, from Shell Oil Products subsidiary Equilon Enterprises for a purchase price of $350 million, plus hydrocarbon inventory.HollyFrontier expects the transaction to close in the fourth quarter 2021, subject to regulatory clearance . 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 . Explore these offerings via the links below. DALLAS-- (BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on . The deal also will include purchase of inventory . The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance, Shell said. the stock is worth . (Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj. Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. 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. Hiring now in Concord, ON - 32 positions at news, hollyfrontier and j s held including Paralegal, Team Leader, Senior Trainer related to refinery. The sale includes Shell's on-site cogeneration facility . 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 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 . the stock is worth . The RDU will have a production capacity of approximately 125 million gallons a year and allow HollyFrontier to process soybean oil and other renewable [] 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. 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 . Sinclair Wyoming refinery. 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. Puget Sound Refinery ("PSR") acquisition expected to close in 4Q2021 2. HollyFrontier said it would buy Puget Sound Refinery. HollyFrontier to buy Puget Sound Refinery from Shell Back to video. 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. According to analysts' consensus price target of $41.13, HollyFrontier has a forecasted upside of from its current price of $0.00. HollyFrontier will buy the Puget Sound refinery near Anacortes for $350 million in cash, plus hydrocarbon inventory to . Additionally, HollyFrontier owns Petro-Canada Lubricants Inc. whose Mississauga, Ontario facility produces 15,600 . Holly is to acquire the Sinclair Oil Corp. and Sinclair Transportation Co. in a deal aimed in part at expanding its renewable diesel production. HollyFrontier will buy the Puget Sound refinery near Anacortes for $350 million in cash, plus hydrocarbon inventory to . HollyFrontier's purchase of Shell Puget Sound Refinery was completed Nov. 1. In August 2021, HollyFrontier agreed to purchase the assets of Sinclair Oil Corporation, including its two refineries near Casper, Wyoming, and Sinclair, Wyoming, for $2.6 billion. Dallas-based HollyFrontier Corp. (NYSE: HFC) has agreed to buy the Puget Sound Refinery near Anacortes, Washington, from Equilon Enterprises LLC, which does business as Shell Oil Products US. We care about our employees' wellbeing, and we understand planning for the future has never been more important.

The company's 52-week price range is $16.81 . 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. . 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.

HollyFrontier has a 39,330 b/d refinery in Woods Cross, Utah. Plus, it can . 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.

Cheyenne's HollyFrontier refinery, seen here Thursday, Feb. 4, 2021, is being transformed into a renewable diesel operation. The combination will . 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 . HollyFrontier Corp. (Dallas, Tex.) At last check HollyFrontier shares were trading 8.9% lower at $33. 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. Anacortes, Wash., from the Shell Oil Products unit of Royal Dutch Shell . HollyFrontier expects the project will be completed in the first quarter of 2022 and generate an internal rate of return of 20-30%. 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 . The acquisition includes Sinclair Oil's branded marketing business and all related commercial activities as well as its refineries and related operations and . !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. Construction of Pre-Treatment Unit at the Artesia Refinery. Office based with occasional refinery visits and with up to 5% travel required by land and air. The . revenue grows by 37% in 2022 and 9% in 2023 with increased capacity from Puget Sound and Sinclair, 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 $2.6 billion. 05/04/2021 251. Sinclair Wyoming has a 75,000 b/d refinery in Sinclair, Wyoming, which can . 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. 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 . HollyFrontier announced that it has agreed to buy the Puget Sound Refinery from Shell for $350 million. With HollyFrontier's May 10, 2021 closing stock price of $35.13/share, its market capitalization is $5.7 billion, about 50% higher than a year ago. 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. The Sinclair, Wyoming, facility already has 115 million gal/year renewable diesel capacity at its 75,000 b/d refinery and Sinclair is . In May 2021, HollyFrontier agreed to purchase the Shell Anacortes Refinery near Anacortes, Washington, with capacity of 149,000 bbl/d, for $350 million. HollyFrontier Corp. has entered a definitive agreement to acquire privately owned Sinclair Cos.' Sinclair Oil Corp. in a deal that would result in formation of newly . Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. 10:44 AM on May 5, 2021 CDT. 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 HFC entered a definitive agreement with Royal Dutch Shell Plc RDS.A to purchase the latter's Puget Sound Refinery in the United States. Shares of HFC were down to $34.43 on Wednesday afternoon. The $1.8 . . HollyFrontier will buy fellow Rockies refiner Sinclair, a deal which will add two refineries, a renewable diesel plant and access to a branded marketing network, thus increasing RIN generation, CEO Mi . . . HollyFrontier is funding the purchase through cash on hand and by suspending its regular . million to $180 million. 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. 10:44 AM on May 5, 2021 CDT. 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. 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). 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 also plans to construct a PTU that will process over 80% of the feedstock for both of HollyFrontier's renewable diesel plants. That's 26.75% of HF Sinclair, valued at $1.8 billion, based on HollyFrontier's closing stock price on July 30. HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on-site . 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. 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. HollyFrontier Corporation announced plans to construct a new renewable diesel unit (RDU) at its Navajo Refinery located in Artesia, New Mexico, U.S.A. refinery, to lower costs related to blending renewable fuels. A new company, HF Sinclair Corp, will replace HollyFrontier as the public company trading on the New York Stock Exchange. 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 million to $180 million, the companies said. Residents around Anacortes may notice an odor stemming from the HollyFrontier Puget Sound Refinery, . Kalluvila) Advertisement 2. HollyFrontier estimates the purchase will generate $7.5 million in annual revenue before taxes. The acquisition includes Sinclair Oil's branded marketing business and all related commercial activities as well as its refineries and related operations and . Exit Full Screen. DALLAS-- ( BUSINESS WIRE )--HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") today announced that it has entered into a definitive agreement to acquire the Puget Sound Refinery, the on . 11/01/2021 8658. 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 consideration of $613.6 million, which consists of a base cash purchase price of $350.0 million, hydrocarbon inventory .