Aramco’s Motiva announces agreement with Flint Hills Resources to acquire Port Arthur cracker and cyclohexane facility

Aramco’s Motiva announces agreement with Flint Hills Resources to acquire Port Arthur cracker and cyclohexane facility
Published: 20 August 2019 - 3 a.m.
Motiva Enterprises and an affiliate of Flint Hills Resources announced that they have signed an agreement for Motiva to acquire a 100% ownership interest in Flint Hills Resources Port Arthur.

The potential acquisition is targeted to close in the fourth quarter of 2019, subject to satisfaction of closing conditions. The parties will not be disclosing the terms of the transaction.

Motiva is a wholly owned affiliate of Saudi Aramco.

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