Green Touch Builders | Texas owner of Hawaii’s largest refinery sees major uptick in earnings
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March 14, 2015 By SEO Admin

Texas owner of Hawaii’s largest refinery sees major uptick in earnings

Houston-based Par Petroleum Corp., which owns Hawaii’s largest oil refinery, had quite a turnaround last year, going from a net loss of $50.5 million in the fourth quarter of 2013 to a profit of $31.7 million in the same quarter last year, according to its most recent earnings report.

The gain translates to $82.2 million, which can be attributed to improved operations and market conditions, according to Par Petroleum President and CEO Jospeh Israel.

The losses for the refiner and marketer of petroleum…