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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 ...
The Minnesota Pipe Line (or MPL) is a crude oil pipeline that runs from Clearbrook, Minnesota southward to the Twin Cities. [1] Construction began in 2007 after the State of Minnesota approved the building permit, [2] and ended in 2008; it is owned by Minnesota Pipe Line Company, LLC (MPL) and is operated by Koch Pipeline Company, a wholly owned, indirect subsidiary of Koch Industries.
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 ]
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.
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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]