Southern Rock Energy Partners Plans Cushing, Oklahoma, Crude Oil Refinery
05/26/2023
The 250,000 BPD next-generation, full conversion crude refinery complex will reduce and eliminate 95% of greenhouse gas emissions while producing approximately 91.25 million barrels or 3.8325 billion gallons annually of cleaner transportation fuels including gasoline, diesel, and jet fuel from crudes sourced domestically from the Anadarko, Permian, Denver and Julesburg, and Bakken Basins. Commercial operations are scheduled to begin in 2027.
“We would like to thank the Cushing Economic Development Foundation, the Cushing Industrial Authority, the City of Cushing and the Oklahoma Department of Commerce for their willingness to work side-by-side with us during this phase of the refinery project,” said Steven Ward, Managing Member, SREP. “The dedication of the professional economic development organizations of Oklahoma has made and will make our efforts to advance the energy independence of the United States, by processing domestically produced crudes into cleaner transportation fuels, a reality.”
Southern Rock Energy Partners was established in 2017 to develop assets in the midstream and downstream hydrocarbon industry. Assets include processing, storage, distribution facilities and pipelines. SREP participates in real estate development of truck, rail, and marine facilities, terminals, and services.
“Commerce is excited about the decision of Southern Rock Energy Partners to pursue Oklahoma for their large-scale refinery,” noted Brent Kisling, Executive Director, Department of Commerce. “As the ‘pipeline crossroads of the world,’ Cushing is the perfect location for this project. We look forward to working alongside the company and the community of Cushing to further strengthen Oklahoma’s ‘all of the above’ energy approach with the addition of this $5.5 billion facility.”
Project Announcements
GE Vernova Expands Schenectady, New York, Operations
05/26/2023
Southern Rock Energy Partners Plans Cushing, Oklahoma, Crude Oil Refinery
05/26/2023
ForwardEdge ASIC Establishes St. Paul, Minnesota, Operations
05/26/2023
Spain-Based Cosentino Group Plans Jacksonville, Florida, Manufacturing Plant
05/26/2023
Michelin Expands Junction City, Kansas, Operations
05/26/2023
Italy-Based Alpitronic Americas Plans Charlotte, North Carolina, U.S. Headquarters-Operations
05/25/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
Manufacturing and Distribution Trends Impact the Value of Credits and Incentives
Q1 2023