Flint Hills Resources to transfer its propylene business to INVISTA
Flint Hills Resources, a Koch company and affiliate of INVISTA, will transfer its propylene business to INVISTA with an anticipated effective date of Jan. 1, 2022. The move includes the Flint Hills Resources Houston and Longview, Texas, chemical facilities and support employees. Ownership of the pipelines that supply these facilities will also transfer to INVISTA, and they will continue to be operated by Flint Hills Resources under contract.
“We’re excited for the opportunities that will be made possible by this integration of two of Koch Industries’ chemicals businesses,” said Jeff Gentry, INVISTA chairman and CEO. “Flint Hills Resources’ propylene business complements INVISTA’s portfolio and will help us accelerate our vision of building a leading polymers and advanced materials company.”