BISMARCK, N.D. -- (Business Wire)
MDU Resources Group, Inc. (NYSE: MDU) and Calumet Specialty Products
Partners, L.P. (NASDAQ: CLMT) announced that the North Dakota Department
of Health has issued an Air Quality Permit to Construct for Dakota
Prairie Refining, a diesel refinery the two companies are developing in
southwestern North Dakota.
“Approval of the air quality permit means that we can begin construction
within the next month, and the facility can be operational and helping
supply North Dakota’s diesel fuel market by late 2014,” said David L.
Goodin, president and CEO of MDU Resources. “We are committed to
operating this state-of-the-art facility responsibly and safely, and we
appreciate the rigorous permitting process conducted by the health
department.”
“This facility will be an important contributor to the local and state
economy,” said Jennifer G. Straumins, president and chief operating
officer of Calumet’s general partner. “We appreciate the help of the
state’s agencies and officials to identify issues and help solve
problems in a manner that has brought this project from concept to
reality.”
The facility will process 20,000 barrels per day of Bakken crude oil.
The plant will be located on a 318-acre site located west of Dickinson
in Stark County, N.D. It will employ approximately 100 people. Hiring
and training of operating personnel is expected to begin in 2013. The
plant will employ its own plant manager and management team, who will
report to a governing board composed of representatives of WBI Energy
and Calumet.
MDU Resources Group, Inc., a member of the S&P MidCap 400 index,
provides value-added natural resource products and related services that
are essential to energy and transportation infrastructure, including
regulated utilities and pipelines, exploration and production, and
construction materials and services companies. For more information
about MDU Resources, see the company's website at www.mdu.com
or contact the Investor Relations Department at investor@mduresources.com.
Calumet Specialty Products Partners, L.P. is a master limited
partnership and is a leading independent producer of high-quality,
specialty hydrocarbon products in North America. Calumet Specialty
Products Partners, L.P. processes crude oil and other feedstocks into
customized lubricating oils, solvents and waxes used in consumer,
industrial and automotive products. Calumet also produces fuel products
including gasoline, diesel and jet fuel. Calumet Specialty Products
Partners, L.P. is based in Indianapolis, Indiana and has eleven
facilities located in northwest Louisiana, northwest Wisconsin, western
Pennsylvania, Texas and eastern Missouri.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this release are forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ materially from results anticipated in the forward-looking
statements. These risks and uncertainties include, among other things,
the ability of the parties to complete financing of the project, the
ability of the parties to obtain required regulatory permits, the cost
and time to complete the project, and the availability of crude
petroleum product and markets for processed products. These and any
other statements about future expectations, beliefs, goals, plans or
prospects constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Any statements
that are not statements of historical fact (including statements
containing the words “believes,” “plans,” “anticipates,” “expects,”
“estimates” and similar expressions) should also be considered to be
forward-looking statements.
Contacts:
MDU Resources Group Contacts:
Financial:
Phyllis
A. Rittenbach, director - investor relations, 701-530-1057
or
Media:
Rick
Matteson, director of communications and public affairs, 701-530-1700
or
Tim
Rasmussen, operating company public relations manager, 701-530-1069
or
Calumet
Specialty Products Partners Contact:
Jennifer
Straumins, president and chief operating officer, 317-328-5660
jennifer.straumins@calumetspecialty.com
Source: MDU Resources Group
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