HollyFrontier Corporation is an independent petroleum refiner and marketer based in Dallas, TX, and is a Fortune 500 company. Subsidiaries of HollyFrontier produce and market diesel, petroleum products, as well as gasoline and petroleum-based lubricants and waxes including specialty and modified asphalt.
In 1947, HollyFrontier was originally incorporated under the name General Appliance Corporation. And in 1952, the Company changed its name to Holly Corporation. In 2009, Holly Corporation bought both the Sunoco (formerly Cosden) and Sinclair (formerly Texaco) refineries in Tulsa, OK, and announced that it would merge the two into a single refinery. In July 2011, Frontier Oil and Holly Corporation merged forming HollyFrontier Corporation.
The Company operates through two segments: Holly Energy Partners, L.P. or HEP and Refining. The Refining segment includes the operations of the Company’s Woods Cross, Cheyenne, Navajo, Tulsa, and El Dorado Refineries and HollyFrontier Asphalt Company or HFC Asphalt. Each of the refineries has the capability to convert heavy, discounted, and sour crude oils into a high percentage of diesel, gasoline, and other refined products.
HollyFrontier’s Rocky Mountain Region includes Woods Cross and Cheyenne Refineries. The Woods Cross Refinery can manufacture crude oil of around 31,000 barrels per stream day, while Cheyenne processing plant have crude oil manufacturing capacities about 52,000 barrels per stream day. The Woods Cross processing plant refines Canadian sour crude oils as well as regional black and sweet wax crude into light products. The Cheyenne Refinery manufactures local sweet crudes and also heavy Canadian crudes.
The Company’s processing plant in Southwestern United States includes Navajo Refinery. The Navajo facility is located on a roughly 560-acre site in Artesia, NM and is an integrated facility with crude distillation, vacuum distillation, hydrodesulphurization, catalytic reforming, hydrofluoric (HF) alkylation, residuum oil supercritical extraction or ROSE solvent deasphalter, fluid catalytic cracking (FCC), isomerization, mild hydrocracking, sulfur recovery and product blending units. The Navajo processing plant has a crude oil manufacturing capacity of around 100,000 barrels per stream day, and refines sour crude oils into premium light products, such as gasoline, diesel fuel and jet fuel.
HollyFrontier’s Mid-Continent region includes the Tulsa and El Dorado Refineries. The combined refining processes at the Tulsa East and West processing plants provide the Company with a refining operation having a collective crude processing rate of about 125,000 barrels per stream day. The Tulsa East facility is situated on a roughly 470-acre site also in Tulsa, OK located along the Arkansas River. The Tulsa West facility is situated on an over 750-acre site in Tulsa, OK located along the Arkansas River. The El Dorado processing plant, on the other hand, is situated on a roughly 1,100 acres South of El Dorado, KS and is an integrated facility. The El Dorado Refinery is a high-complexity coking facility with nearly 135,000 barrels per stream day refining capacity. The Company’s products in its Mid-Continent Region (Tulsa and El Dorado Refineries) include gasoline, fuel oil, jet fuels, diesel fuels, liquid petroleum gas (LPG), asphalt, lubricants and other. Its Artesia processing facility is ran in conjunction with a refining plant situated in Lovington, NM, about 65 miles east of Artesia. The Lovington plant processes crude oil into intermediate products which are then distributed to Artesia using three intermediate pipelines owned by HEP.
HollyFrontier manufactures modified and commodity asphalt products at its manufacturing facilities located in Glendale, AZ; Albuquerque, NM; Artesia, NM and Catoosa, OK. Its Catoosa facility manufactures commodity asphalt products and specialty modified asphalt. Its Glendale manufacturing plant processes base asphalt materials, provided by its processing plants and third-party suppliers, into modified hot asphalt products. While its Artesia and Albuquerque facilities process base asphalt materials, also provided by its own refining facilities and third-party suppliers, into modified hot asphalt products and commodity emulsions. HollyFrontier markets these asphalt products in Northern Mexico, Texas, Missouri, Kansas, Oklahoma, New Mexico, and Arizona. Its products are distributed through third-party trucking companies to commercial customers that provide asphalt-based materials for government and commercial projects.
The other segment of HollyFrontier is HEP. It is a limited partnership, which owns and operates logistic assets consisting of crude oil and petroleum product pipelines, loading rack facilities, terminals, tankage, and refinery processing units that mainly support HollyFrontier’s refining and marketing operations in the Southwest, Mid-Continent and Rocky Mountain regions of the United States including Alon’s refinery (Alon USA, Inc.) in Big Spring, TX. HollyFrontier and some of its subsidiaries now own a 37% interest as well as a 2% general partner interest in Holly Energy Partners, L.P.
