Issue Date: November 10, 2008
Flint Hills Will Close Odessa Plant
Flint Hills Resources, a unit of Koch Industries, will close its Odessa, Texas, petrochemical facility by the first half of 2009. The site includes polyethylene and polypropylene facilities and an 800 million-lb-per-year ethylene cracker. The plant, which employs 395 people, was a major part of Koch’s 2007 purchase of Huntsman Corp.’s North American petrochemicals business for $761 million.
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