SOURCE: Koch Industries, Inc.

Koch Industries, Inc.

June 03, 2009 21:00 ET

Flint Hills Resources Plans New Central Texas Fuel Terminal

WICHITA, KS--(Marketwire - June 3, 2009) - Flint Hills Resources, LP (www.kochind.com/IndustryAreas/refining.aspx), which currently distributes fuels via terminals in Corpus Christi, San Antonio, Bastrop, Austin, Fort Worth and Waco, will build a new fuel terminal in Caldwell County to serve Central Texas.

"This new terminal will begin operating in 2010. The strategic location of this terminal will allow us and our customers to more efficiently serve the growing Central Texas corridor," said Brad Urban, senior vice president. "Census data has shown about 400,000 people moved to the Austin/San Antonio area in the last five years. This growth, which we expect to continue, is driving increased fuel demand."

The new terminal will include storage tanks and a four-bay truck-loading facility on property that provides access to the company's proprietary refined products pipeline. The terminal's footprint will cover less than 15 acres of the Caldwell County property. The site is near Texas Highway 130, between U.S. Highways 183 and 21, and offers efficient access for transporting fuels in Central Texas.

"We have been meeting with local, school, county and state officials about our plans," Urban said. "We are committed to operating safely and in an environmentally responsible manner in this growing industrialized area. We will also upgrade highway intersections near the terminal."

All local and Texas Commission on Environmental Quality permits have been finalized.

Flint Hills Resources, a privately held subsidiary of Koch Industries, Inc. (http://kochind.com) based in Wichita, Kan., has been providing fuels to Central Texas since 1981 from its refining complex in Corpus Christi.

In 2006, the company added to its Texas terminal infrastructure by building a jet fuel terminal in Bastrop County, near Highways 21 and 71. This jet fuel terminal allowed FHR (www.fhr.com) to increase gasoline and diesel storage available at its Austin terminal.

Flint Hills Resources is a leading refining and petrochemical company based in Wichita, Kan., Flint Hills Resources has completed capital expansions and acquisitions worth more than $3.2 billion since 2002. The company employs about 3,700.