Flint Hills Resources Renewables Supports Almost 1000 Jobs in Iowa and Nebraska
Koch companies support nearly 200,000 U.S. jobs and about $11 billion in compensation and benefits
April 12, 2013
In 2012, Flint Hills Resources Renewables, LLC, directly employed 280 full-time employees throughout Iowa and Nebraska and supported an additional 661 full-time jobs in the region according to a recent study by Harrah Analytics, an independent economic research firm. Flint Hills Resources is an indirect subsidiary of Wichita-based Koch Industries, Inc.
Koch companies directly employed more than 47,000 people throughout all 50 states and the District of Columbia, paying direct compensation and benefits totaling more than $4 billion. Summing direct, indirect and induced jobs, compensation and benefits, the companies support nearly 200,000 American jobs and pay about $11 billion in compensation and benefits.
Flint Hills Resources Renewables buys corn and other goods and services from local farmers and businesses, sells distiller’s grains to area livestock operations, and its employees live and work in the community. This combined spending translates to a total of 941 jobs and compensation and benefits paid to employees of nearly $43 million in Iowa and Nebraska, Harrah Analytics determined in its study.
Flint Hills Resources Renewables operates five ethanol plants in Iowa and Nebraska and maintains a regional office in Ames, Iowa, that supports plant operations. Individual facility impacts:
• Fairbank, Iowa (52 direct; 184 total)
• Iowa Falls, Iowa (51 direct; 181 total)
• Menlo, Iowa (51 direct; 181 total)
• Shell Rock, Iowa (50 direct; 177 total)
• Fairmont, Neb. (45 direct; 155 total)
• Ames, Iowa (31 direct; 63 total)
About Flint Hills Resources
Flint Hills Resources, LLC, through its subsidiaries, is a leading refining, biofuels and chemicals company. Its subsidiaries market products such as gasoline, diesel, jet fuel, ethanol, biodiesel, olefins, polymers and intermediate chemicals, as well as base oils and asphalt. Flint Hills Resources operates ethanol plants in Fairbank, Iowa Falls, Menlo and Shell Rock, Iowa and Fairmont, Neb. The plants have a combined annual capacity of 550 million gallons of ethanol.
Flint Hills Resources is a leading producer of transportation fuels in the Upper Midwest and is the largest purchaser of ethanol in Minnesota. Since the mid-90s, it has utilized ethanol and other biofuels in its fuel distribution system. The company has also made equity investments in bioenergy companies, and operates a biodiesel plant near Fort Worth, Texas.
The refining business operates refineries in Alaska (North Pole), Minnesota (Rosemount) and Texas (Corpus Christi), with a combined crude oil processing capacity of nearly 670,000 barrels per day. The petrochemical business includes production facilities in Illinois, Michigan and Texas. The asphalt business produces and markets product in the Midwest and Alaska. A subsidiary owns an interest in a lubricants base oil facility in Louisiana.