CHS To Invest $406 Mln In Laurel, Montana Refinery To Boost Diesel Production

(RTTNews) - CHS Inc (CHSCP), a farmer-owned cooperative and energy, grains and foods company, said Thursday will invest $406 million in its Laurel, Mont., refinery to boost efficiency and increase diesel production.

"These projects, along with all of our ongoing major refining, distribution and storage investments, underscore our continued commitment to building the CHS energy platform," said Jay Debertin, CHS executive vice president and chief operating officer, Energy and Foods.

The investments consist of related projects, some of which will begin this fall, and are expected to be completed in phases through 2019.

Included in the $406 million investment are a new hydrogen plant and crude unit modifications that will increase crude oil throughput and increase diesel production; and Hyrocracker modifications that will increase diesel production, reduce production interruptions, and allow the refinery to process additional crudes.