Share “CVR Energy planning public offering for...”

CVR Energy planning public offering for refining unit

The company that owns the refinery in Wynnewood is planning to spin off its refining operations in a new public company.
BY JAY F. MARKS jmarks@opubco.com Published: October 2, 2012
Advertisement

Damage from the explosion was limited to the refinery's boiler, which had been shut down temporarily as part of a turnaround operation. Process units and other areas were not affected.

Operations at the refinery, which employs about 270 people, resumed Saturday.

CVR's refining business also includes a refinery in Coffeyville, Kan. The two facilities can handle 185,000 barrels of oil a day.

CVR acquired the Wynnewood refinery with its $525 million purchase of Gary-Williams Energy Corp. in December before the majority of the Texas-based company was purchased by activist investor Carl Icahn. The company unsuccessfully tried to find another buyer during the summer.

Contributing:

The Associated Press