Who Owns the Refinery Jonesboro AR?
When it comes to the Jonesboro Refinery in Arkansas, there’s a lot of curiosity about who owns this significant industrial facility. This article delves into the history, current ownership, and the impact of the refinery on the local community. Let’s explore the details together.
History of the Jonesboro Refinery
The Jonesboro Refinery, also known as the ExxonMobil Jonesboro Refinery, has a rich history that dates back to the early 20th century. Built in 1919, the refinery was initially owned by the Humble Oil and Refining Company, which later became ExxonMobil. Over the years, the refinery has undergone several expansions and upgrades to keep up with the evolving demands of the oil industry.
Current Ownership
As of now, the Jonesboro Refinery is owned by ExxonMobil Corporation. This American multinational oil and gas company is one of the largest publicly traded oil and gas companies in the world. ExxonMobil has a strong presence in the refining sector, with numerous refineries across the United States and around the globe.
ExxonMobil’s ownership of the Jonesboro Refinery is a testament to the company’s commitment to the region. The refinery plays a crucial role in the local economy, providing jobs and contributing to the tax base. The company has also invested in the community, supporting various initiatives and programs aimed at improving the quality of life for residents.
Operations and Production
The Jonesboro Refinery is a state-of-the-art facility that processes crude oil into various refined products, such as gasoline, diesel, and jet fuel. The refinery has a capacity of approximately 250,000 barrels per day, making it one of the largest in the United States.
Here’s a breakdown of the products produced at the Jonesboro Refinery:
| Product | Percentage of Total Production |
|---|---|
| Gasoline | 60% |
| Diesel | 20% |
| Jet Fuel | 10% |
| Other Products | 10% |
Environmental Impact
As with any large-scale industrial operation, the Jonesboro Refinery has an environmental impact. However, ExxonMobil has made significant efforts to minimize its ecological footprint. The company has invested in advanced technologies and processes to reduce emissions and waste.
Some of the environmental initiatives at the Jonesboro Refinery include:
- Waste minimization and recycling programs
- Energy conservation measures
- Regular emissions monitoring and control
Community Impact
The Jonesboro Refinery has a significant impact on the local community, both economically and socially. The refinery employs hundreds of workers, providing stable jobs and contributing to the local economy. Additionally, the company supports various community initiatives, such as:
- Donations to local charities and non-profit organizations
- Sponsorship of local events and activities
- Partnerships with educational institutions to promote science, technology, engineering, and mathematics (STEM) education
Conclusion
The Jonesboro Refinery, owned by ExxonMobil, is a vital part of the local community and the oil industry. Its operations, environmental initiatives, and community involvement demonstrate the company’s commitment to responsible and sustainable business practices. As the refinery continues to evolve, it will undoubtedly play a crucial role in the region’s economic and social development.
