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Motiva signs agreement to buy Flint Hills’ chemical plants, cracker in US

by ChemOrbis Editorial Team -
  • 20/08/2019 (09:52)
According to a press release, Motiva Enterprises, a fully owned affiliate of Saudi Refining Inc., has signed an agreement to acquire a 100% ownership interest in the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas oil refinery.

Flint Hills Resources’ chemical plants in Port Arthur, Texas includes a cyclohexane plant as well as an ethane cracker which has a capacity to produce 620,000 tons/year of ethylene, and a propylene unit with 340,000 tons/year capacity.

The acquisition, for which the financial details were not disclosed at the time of press, is targeted to close in the fourth quarter of 2019.
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