Flint Hills Resources and Koch Pipeline Company Support More Than 12,000 Jobs in the Coastal Bend
Koch companies support ~200,000 U.S. jobs and ~$11 billion in compensation/benefits
April 4, 2013
In 2012, Koch companies, including Flint Hills Resources and Koch Pipeline Company, directly employed more than 47,000 people throughout all 50 states and the District of Columbia, paying compensation and benefits totaling more than $4 billion according to a recent study by Harrah Analytics, an independent economic research firm.
For the Coastal Bend that means the more than 1,200 employees of Flint Hills Resources and Koch Pipeline Company supported an additional 11,000 jobs, which resulted in $563 million in total compensation and benefits.
“Over the past few years, we have seen a significant increase in hiring. We have jobs available, now we need qualified skilled laborers and engineers to fill them,” said Phil Gaarder, vice president of South Texas Operations for Flint Hills Resources. “At Flint Hills Resources in Corpus Christi alone we’ve hired for 80-plus new jobs during the past year. This is a good trend for South Texas.”
Koch companies also buy goods and services from local businesses, and their employees spend paychecks for food, shelter, entertainment and more. This combined spending translates to Koch companies supporting a total of about 191,000 jobs and earnings of about $11 billion, Harrah Analytics determined in its study.
The top 5 states for Koch companies in terms of compensation and benefits are:
• Georgia ($746 million direct; $1.8 billion total)
• Texas ($628 million direct; $2 billion total)
• Kansas ($371 million direct; $600 million total)
• Alabama ($223 million direct; $661 million total)
• Wisconsin ($211 million direct; $518 million total)
The complete study is at http://www.kochind.com/files/KochCompaniesJobStudy2012.pdf
Flint Hills Resources is a leading refining, chemicals and biofuels company. It markets products such as gasoline, diesel, jet fuel, ethanol, biodiesel, olefins, polymers and intermediate chemicals, as well as base oils and asphalt. The company, based in Wichita, Kan., has expanded its operations through capital projects and acquisitions worth more than $7 billion since 2002. With more than 4,000 employees, Flint Hill Resources strives to create value for customers and society. More at www.fhr.com.
Koch Pipeline Company, L.P. operates more than 4,000 miles of pipelines in Texas, Iowa, Illinois, Minnesota, Missouri and Wisconsin that transport crude oil, refined petroleum products, ethanol, natural gas liquids and chemicals. More at www.kochpipeline.com.