HollyFrontier Corp. is the new owner of the Shell Puget Sound Refinery.
Shell Oil Products U.S. recently completed the previously announced sale of the refinery to Dallas-based HollyFrontier, according to a Monday news release from HollyFrontier.
In May, HollyFrontier agreed to purchase the 850-acre refinery on March Point — plus its hydrocarbon inventory — for $350 million.
“We are committed to the continued safe and environmentally responsible operations of the facility and welcome Puget Sound’s highly skilled workforce to the HollyFrontier family,” Mike Jennings, president and CEO of HollyFrontier, said in the release.
Shell announced it was seeking a buyer for the refinery in early 2020, as it looked to divest some of its assets and transition to a lower-carbon future, the company said previously.
HollyFrontier owns and operates refineries in Kansas, Oklahoma, New Mexico and Utah.
The March Point refinery has the capacity to process 149,000 barrels of crude oil a day, and makes gasoline, diesel fuel, fuel oil, jet fuel, butane and petroleum coke.
The refinery has about 500 employees, and all Shell Puget Sound Refinery employees were offered roles at HollyFrontier, according to a HollyFrontier spokesperson.