HollyFrontier to acquire Puget Sound Refinery from Shell for $350m.

HollyFrontier, an independent petroleum refiner, agreed to acquire Puget Sound Refinery from Shell, an oil and chemical group engaged in the exploration, production, transportation, refining, distribution and marketing of crude oil, gas, and petroleum products, for $350m. "This is another step towards reshaping our refining portfolio to drive resilient returns. HollyFrontier is a strong operator and we believe they will continue the refinery's legacy of prioritizing safety, environmental performance and care for people at the site and within the community," Robin Mooldijk, Shell EVP for Manufacturing.