DALLAS—HollyFrontier Corp. plans to enter the mid-continent asphalt business.
A subsidiary of the firm currently manufactures and markets a diverse portfolio of asphalt products, the company said. These include polymer modified asphalts and emulsions marketed directly to paving contractors and highway markets.
HFC plans to expand its Southwest asphalt production and marketing business into the mid-continent asphalt paving markets.
“We look forward to leveraging the historical success we have had in the Southwest market by expanding our marketing effort to the mid-continent region of the U.S.,” said Mike Jennings, HFC's chairman, president and CEO. “This expansion will also increase our crude-slate flexibility at HFC's mid-continent refineries.”
HollyFrontier Corp. is an independent petroleum refiner and marketer headquartered in Dallas. It produces gasoline, diesel fuel, jet fuel and other specialty products.