MDU Resources Group, Inc. (NYSE: MDU) and Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced that the North Dakota Department of Health has issued an Air Quality Permit to Construct for Dakota Prairie Refining, a diesel refinery the two companies are developing in southwestern North Dakota.
“Approval of the air quality permit means that we can begin construction within the next month, and the facility can be operational and helping supply North Dakota’s diesel fuel market by late 2014,” said David L. Goodin, president and CEO of MDU Resources. “We are committed to operating this state-of-the-art facility responsibly and safely, and we appreciate the rigorous permitting process conducted by the health department.”
“This facility will be an important contributor to the local and state economy,” said Jennifer G. Straumins, president and chief operating officer of Calumet’s general partner. “We appreciate the help of the state’s agencies and officials to identify issues and help solve problems in a manner that has brought this project from concept to reality.”
The facility will process 20,000 barrels per day of Bakken crude oil. The plant will be located on a 318-acre site located west of Dickinson in Stark County, N.D. It will employ approximately 100 people. Hiring and training of operating personnel is expected to begin in 2013. The plant will employ its own plant manager and management team, who will report to a governing board composed of representatives of WBI Energy and Calumet.
MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated utilities and pipelines, exploration and production, and construction materials and services companies. For more information about MDU Resources, see the company's website at www.mdu.com or contact the Investor Relations Department at email@example.com.
Calumet Specialty Products Partners, L.P. is a master limited partnership and is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet Specialty Products Partners, L.P. processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet Specialty Products Partners, L.P. is based in Indianapolis, Indiana and has eleven facilities located in northwest Louisiana, northwest Wisconsin, western Pennsylvania, Texas and eastern Missouri.
Except for the historical information contained herein, the matters discussed in this release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from results anticipated in the forward-looking statements. These risks and uncertainties include, among other things, the ability of the parties to complete financing of the project, the ability of the parties to obtain required regulatory permits, the cost and time to complete the project, and the availability of crude petroleum product and markets for processed products. These and any other statements about future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements.
MDU Resources Group Contacts:
Phyllis A. Rittenbach, director - investor relations, 701-530-1057
Rick Matteson, director of communications and public affairs, 701-530-1700
Tim Rasmussen, operating company public relations manager, 701-530-1069
Calumet Specialty Products Partners Contact:
Jennifer Straumins, president and chief operating officer, 317-328-5660
|MDU Resources Group, Inc. and Calumet Specialty Products Partners, L.P. Announce Diesel Refinery Joint Venture (2013/2/7)|
|Calumet Specialty Products Partners, L.P. Reports Fourth Quarter and Annual 2012 Results (2013/2/13)|
|Calumet Specialty Products Partners, L.P. Reports First Quarter 2013 Results (2013/5/8)|
|Calumet Specialty Products Partners, L.P. Comments on EPA's Proposed Tier III Standards (2013/4/10)|
|Calumet Specialty Products Partners, L.P. Declares Increased Distribution on Limited Partner Units and Schedules First Quarter 2013 Earnings Release (2013/4/22)|
|Calumet Specialty Products Partners, L.P. Prices Common Unit Offering (2013/3/26)|
|Calumet Specialty Products Partners, L.P. Announces Public Offering of Common Units (2013/3/25)|
|Pershing Gold Corporation's Resale S-1 Registration Statement Becomes Effective Permitting Continental Resources Group, Inc. to Finalize Its Dissolution (2013/2/13)|
|EMC Insurance Group Inc. Declares 125th Consecutive Quarterly Cash Dividend and Announces a Presentation by Management at the 17th Annual NYSSA Insurance Conference (2013/3/4)|
|MDU Resources Announces Retirement of Construction Business Executive (2013/4/29)|
|Calumet Specialty Products Partners LP||View clmt Stock Quote|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Morningstar Investing Classroom Rewards (earn as you learn and redeem for Morningstar merchandise)|
|P||Morningstar Fund Analyst Reports (full research on 2,000 funds and ETFs)|
|P||Morningstar Stock Analyst Reports (full research on 2,000 stocks)|
|P||Morningstar Stock and Fund Stewardship Grades|
|P||Portfolio Manager (advanced with 10 x-ray analyses, including guidance)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.