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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 Published: October 2, 2012

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.


The Associated Press