Calumet Specialty Products (CLMT) Announces Multi-Year Agreement To Form Long-term Exclusive Specialty Products Affiliation
More News related to CLMT
- Calumet Specialty Products Partners, L.P. Schedules Fourth Quarter 2009 Earnings Release
- Calumet Specialty Products (CLMT) Increases Distribution to $0.455/Unit
- Calumet Specialty Products Partners, L.P. Declares Increase in its Distribution on Limited Partner Units
- Calumet Specialty (CLMT) Prices 3M Common Offering at $18/Unit
- After-Hours Movers 12/07: THLD, FLWS, ARIA, FDX Higher; FMCN, PBY, TCAP, CACB, CASY Lower
More News related to Corporate News
- S&P Announces Change to US Index: TSRA for FIF
- RealNetworks (RNWK) and MTV Networks (VIA-B) to Split Off Joint Venture Rhapsody
- Watts Water (WTS) Board Approves Restructuring Program; Shutting Down 3 Plants, Cutting 95 Jobs
- Transcept Pharmaceuticals (TSPT) Granted U.S. Patent Covering Intermezzo Formulation
- AAR (AIR) Predicts Impact of Mesa's Bankruptcy on Q3 Results
Calumet Specialty Products Partners, L.P. (Nasdaq: CLMT) announced that Calumet and Houston Refining LP, a wholly-owned subsidiary of LyondellBasell, have entered into multiyear agreements to form a long-term exclusive specialty products affiliation.
Calumet and LyondellBasell have reached an agreement under which Calumet will be the exclusive marketer of LyondellBasell's naphthenic base oil production out of its refinery in Houston, TX. Calumet will be adding approximately 3,000 barrels per day ("bpd") of naphthenic lubricating oil sales to the current naphthenic lubricating oil production at its Princeton, LA refinery, which has crude oil capacity of approximately 10,000 bpd.
The two parties have also reached an agreement for LyondellBasell to process approximately 800 bpd of white mineral oil at its Houston refinery for Calumet. This volume will supplement Calumet's existing white mineral oil production at its Karns City, PA and Dickinson, TX facilities. [SM]
Related Categories
Corporate NewsStocks Mentioned
+0.12Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
