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Kapolei refinery owner to list on the NYSE

  • JAMM AQUINO / JAQUINO@STARADVERTISER.COMMarty Meek of Hawaiian Sign and Design put a Hawaii Independent Energy sign over the Tesoro sign Thursday at the recently acquired refinery at Campbell Industrial Park. The temporary sign will remain in place while a permanent one is fabricated. Although the refinery will bear the Hawaii Independent Energy name, the 31 gas stations it acquired in the deal will continue to be branded as Tesoro.
    JAMM AQUINO / JAQUINO@STARADVERTISER.COM
    Marty Meek of Hawaiian Sign and Design put a Hawaii Independent Energy sign over the Tesoro sign Thursday at the recently acquired refinery at Campbell Industrial Park. The temporary sign will remain in place while a permanent one is fabricated. Although the refinery will bear the Hawaii Independent Energy name, the 31 gas stations it acquired in the deal will continue to be branded as Tesoro.

The Houston-based owner of the former Tesoro refinery in Kapolei will withdraw from over-the-counter stock market and be listed on the New York Stock Exchange beginning Tuesday.

"Listing on the NYSE … is a milestone for Par Petroleum," said CEO Will Monteleone in a statement. "I believe that this will heighten our profile in the capital markets and will ultimately allow for a broader shareholder base and increased daily trading liquidity."

The company’s ticker symbol will remain PARR.

Par purchased the Kapolei refinery, its distribution network and 31 retail gas stations in June last year.

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