Motiva to buy Flint Hills Port Arthur, Texas chemical plant

August 19, 2019

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Motiva Enterprises said on Monday it has signed an agreement to buy the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas, oil refinery, kicking off a push into petrochemicals. Motiva, the U.S. refining arm of Saudi Aramco, plans to operate the chemical plant while it builds three giant petrochemical units within its Port Arthur complex as part of an $18 billion expansion of operations along the U.S. Gulf Coast, said three sources familiar with the agreement. Motiva and Flint Hills confirmed the pending deal after Reuters disclosed it had agreed to buy the operation. Motiva said it expects to deal to close by late 2019. A Flint Hills spokesman did not reply to requests for comment. The purchase price was not disclosed. Flint Hills acquired the plant from Huntsman Corp in 2007 for $770 million.

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