Flint Hills Resources signs term sheet to build waste plastic to renewable chemicals and fuels plant

In Texas, Encina Development Group has signed a non-binding term sheet with Flint Hills Resources to produce renewable chemicals and renewable fuels from waste plastic. 

The term sheet contemplates that the parties may enter into a definitive agreement that includes building a waste plastic to renewable chemicals and renewable fuels plant in Corpus Christi, TX. 

Flint Hills Resources will market the renewable aromatic products produced at the Encina Corpus Christi facility as well as work with its affiliates to market renewable aromatic products from other Encina U.S.-based plants. 

The Corpus Christi refineries are owned and operated by Flint Hills Resources, a Koch Industries company, and are major suppliers of fuels for the Texas market including the San Antonio, Austin, and Dallas-Ft. Worth areas. In addition, the refineries produce various commodity chemicals that are important building blocks for a variety of products used in daily life.