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Wood River Oil and Refining Company was renamed Koch Industries in 1968 in honor of Fred Koch, the year after his death. [ 27 ] [ 28 ] At that time, it was primarily an engineering firm with a 35% interest in Great Northern Oil Company, which owned the Pine Bend Refinery in Minnesota, a crude oil-gathering system in Oklahoma, [ 16 ] and some ...
Koch Industries purchased a controlling interest in the plant in 1969. [4] Since then, capacity has grown more than tenfold. As of 2001, Minnesotans were using a total of 7.2 million US gallons (27,000 m 3 ) of gasoline per day, and fuel use continues to climb in the region by about 2% annually. [ 5 ]
Koch Foods is a food processor and distributor in Park Ridge, Illinois that as of December 2019 is listed by Forbes magazine as number 125 on the list of the largest private companies in the US. [1] As of October 2014, the company had a revenue of $3 billion, and approximately 14,000 employees. [ 1 ]
OCI Global, the Dutch parent of Iowa Fertilizer Co., said Monday it sold 100% equity interest of the Wever plant to Koch Ag & Energy Solutions, a Koch Industries company, for $3.6 billion.
By 2019, Charles Koch and David Koch, commonly referred to as the Koch brothers, were the only ones of Fred Koch's four sons still with Koch Industries. [5] Charles and David Koch built a political network of libertarian and conservative donors, and the brothers funneled financial revenue into television and multi-media advertising. David Koch ...
Map does not represent population, only geographic area. According to a February 10, 2011 Reuters article, Koch Industries were in a position to increase their profits substantially if the Keystone XL Pipeline were approved. [116] By 2011, Koch Industries refined 25% of all crude oil imported into the United States. [116]
Leonard traces the history of Koch Industries from a regional pipeline company to a sprawling corporate entity with "a political-influence machine of rare scope". [1] The first part of is devoted to the history of Koch Industries, beginning with Charles Koch's assumption of leadership after the death of his father Fred in 1967. It traces the ...
The coworker of a newly married woman says she used their recent company holiday party to swindle wedding gifts. After sharing a "sob story" about how she wasn't given enough money from her guests ...