Coffeyville refinery to expand

COFFEYVILLE, Kan. (AP) -- A Coffeyville refinery and fertilizer plant that was once part of Farmland Industries' bankruptcy is now expanding.<br/><br/>Coffeyville Resources, which now owns the plant,

Wednesday, January 4th 2006, 9:50 am

By: News On 6

COFFEYVILLE, Kan. (AP) -- A Coffeyville refinery and fertilizer plant that was once part of Farmland Industries' bankruptcy is now expanding.

Coffeyville Resources, which now owns the plant, says it will spend $92-million to expand. The project will increase the refinery's crude oil output to more than 115,000 barrels a day.

Both the refinery and fertilizer plant were sold in March 2004 by the bankruptcy estate of Farmland Industries.

In 1997, Farmland built the adjoining fertilizer plant near the plant for more than $300-million.

But weak fertilizer sales caused Farmland to file for bankruptcy in 2002, and the company wrote off most of its investments in the plant.