Allen Parish agrees to property lease for refinery

08 08, 2012 by Houston Chronicle

The Allen Parish Police Jury has agreed to lease more of the former Arizona Chemical property in Oakdale to a Texas-based company for a $100 million refinery.

The company, Virtual Engineering Operations of Kingswood, Texas, plans to a build refinery to process 20,000 barrels a day of crude to produce diesel fuel for farmers, jet fuel and heating oil.

The American Press reports the company hopes to increase its production to 40,000 barrels a day in the future with construction of a pipeline.

It hopes to increase its production to 40,000 barrels a day in the future with construction of a pipeline.

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