Calumet Specialty Products Partners, L.P. Company Profile

Company Overview:

Calumet Specialty Products Partners, L.P.  is one of the leading independent producers of specialty hydrocarbon products in North America. Its product lines include both naphthenic and paraffinic oils, aliphatic solvents, synthetic lubricants, asphalt, fuels, white mineral oils, waxes, petrolatums and hydrocarbon gels.

The company owns specialty and fuel product facilities primarily located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey, eastern Missouri and North Dakota. Also, Calumet owns and leases oilfield services locations in Texas, Oklahoma, Louisiana, Arkansas, Colorado, Utah, Wyoming, Montana, New Mexico, New York, North Dakota, Pennsylvania and Ohio.

In addition, the company owns and leases additional facilities, primarily related to production and distribution of specialty, fuel and oilfield services products, throughout the US. Calumet operates through three business segments: Fuel Products, Specialty Products, and Oilfield Services. In the Fuel Products segment, the company process crude oil into a variety of fuel and fuel related products, including gasoline, diesel, jet fuel, asphalt and heavy fuel oils, as well as reselling purchased crude oil to third party customers.

In FY2016, the Fuel Products segment reported revenues of $2,222 million, which accounted for 61.7% of the company's total revenue. The Specialty Products segment processes crude oil and other feedstocks into a wide variety of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

The company produces a full line of specialty products, including lubricating oils, solvents, waxes, packaged and synthetic specialty products, other by-products, as well as a variety of fuel and fuel related products, asphalt and heavy fuel oils.

The specialty products are sold to domestic and international customers who purchase them primarily as raw material components for basic industrial, consumer and automotive goods. Additionally, the company blends and market specialty products through the Royal Purple, Bel-Ray, TruFuel and Quantum brands.

During FY2016, the company recorded a total facility production of 134,929 barrels per day (bpd) products (including 27,322 bpd of specialty products and 107,607 bpd of fuel products); and a sales volume of 140,180 bpd of products. In FY2016, the Specialty Products segment reported revenues of $1,252.3 million, which accounted for 34.8% of the company's total revenue.

Through Oilfield Services segment, Calumet manufactures and markets products and provides oilfield services including drilling fluids, completion fluids, production chemicals and solids control services to the oil and gas exploration industry throughout the US.

The company's drilling and oilfield services assets include Anchor Drilling Fluids and Anchor Oilfield Services that manufactures and markets specialty products and provides oilfield services including drilling fluids, completion fluids, production chemicals and solids control services to the oil and gas exploration industry.

These assets design, manufacture and package the specialty products at their locations in Texas, Oklahoma, Louisiana, Arkansas, Colorado, Utah, Wyoming, Montana, New Mexico, New York, North Dakota, Pennsylvania and Ohio. These locations serve the majority of major onshore oil fields in the US. In FY2016, the Oilfield Services segment reported revenues of $125.1 million, which accounted for 3.5% of the company's total revenue. Calumet owns and operates various refineries such as Shreveport refinery, Superior refinery, San Antonio refinery, Cotton Valley refinery, Montana refinery, Princeton refinery, Royal Purple facility, Bel-Ray facility, Karns City facility, Missouri facility and Dickinson facility. The Shreveport refinery, located on a 240 acre site in Shreveport, Louisiana (Shreveport), currently has aggregate crude oil throughput capacity of 60,000 bpd and processes paraffinic crude oil and associated feedstocks into fuel products, paraffinic lubricating oils, waxes, asphalt and by-products.

The Shreveport refinery consists of 17 major processing units and approximately 3.3 million barrels of storage capacity in 130 storage tanks and related loading and unloading facilities and utilities. The Superior refinery is located on a 245 acre site, with an additional 430 acres owned around the existing refinery, in Superior, Wisconsin. The Superior refinery currently has aggregate crude oil throughput capacity of 45,000 bpd and processes light and heavy crude oil from the Bakken shale formation in North Dakota and western Canada into fuel products and asphalt.

The Superior refinery consists of 14 major processing units and approximately 3.1 million barrels of storage capacity in 76 tanks and related loading and unloading facilities and utilities. Calumet's San Antonio refinery, located on a 32 acre site in San Antonio, Texas, has aggregate crude oil throughput capacity of 21,000 bpd and processes light crude oil from south Texas, including the Eagle Ford shale formation, into a variety of transportation fuels, petrochemical, refinery feedstocks and aliphatic solvents.

The San Antonio refinery consists of six major processing units and approximately 200,000 barrels of storage capacity in 65 tanks and related loading and unloading facilities and utilities. The Cotton Valley refinery, located on a 77 acre site in Cotton Valley, Louisiana (Cotton Valley), has aggregate crude oil throughput capacity of 13,500 bpd, hydrotreating capacity of 6,200 bpd and processes crude oil into specialty solvents and residual fuel oil.

The Cotton Valley refinery consists of three major processing units that include a crude unit, a hydrotreater and a fractionation train, approximately 625,000 barrels of storage capacity in 74 storage tanks and related loading and unloading facilities and utilities. The Great Falls refinery, located on an 86 acre site in Great Falls, Montana, currently has aggregate crude oil throughput capacity of 25,000 bpd and processes light and heavy crude oil from Canada into fuel and asphalt products.

The refinery consists of 15 major processing units including hydrotreating, catalytic reforming, fluid catalytic cracking and alkylation units, approximately 1.1 million barrels of storage capacity in 75 tanks and related loading and unloading facilities and utilities. The Princeton refinery has aggregate crude oil throughput capacity of 10,000 bpd and processes naphthenic crude oil into lubricating oils, asphalt, and feedstock for the Shreveport refinery for further processing into ultra-low sulfur diesel. The Princeton refinery consists of seven major processing units, approximately 650,000 barrels of storage capacity in 200 storage tanks and related loading and unloading facilities and utilities.

The Royal Purple facility, located on a 28 acre site in Porter, Texas, develops blends and packages high performance synthetic lubricants and fluid additive products for use in industrial, commercial and automotive applications. The Royal Purple facility's processing capability includes 10 in-house packaging and production lines. The facility has approximately 30,500 barrels of storage capacity in 91 tanks and related loading and unloading facilities and utilities. Bel-Ray facility, located on a 32 acre site in Wall Township, New Jersey, blends and packages high performance synthetic lubricants and greases for use primarily in aerospace, automotive, energy, food, marine, military, mining, motorcycle, powersports, steel and textiles applications. The Bel-Ray facility's processing capability includes 24 blending tanks and packaging production lines.

In addition, the Bel-Ray facility has approximately 13,000 barrels of storage capacity in 63 tanks and related loading and unloading facilities and utilities. The Karns City facility, located on a 225 acre site in Karns City, Pennsylvania, has aggregate base oil throughput capacity of 5,500 bpd and processes white mineral oils, solvents, petrolatums, gelled hydrocarbons, cable fillers and natural petroleum sulfonates. The Karns City facility's processing capability includes hydrotreating, fractionation, acid treating, filtering, blending and packaging. In addition, the facility has approximately 817,000 barrels of storage capacity in 250 tanks and related loading and unloading facilities and utilities.

The Missouri facility, located on a 22 acre site in Louisiana, Missouri, develops and produces polyolester synthetic lubricants for use in refrigeration compressors, commercial aviation and polyolester base stocks. The facility has approximately 35,000 barrels of storage capacity in 64 tanks and related loading and unloading facilities and utilities. The Dickinson facility, located on a 28 acre site in Dickinson, Texas ("Dickinson"), has aggregate base oil throughput capacity of 1,300 bpd and processes white mineral oils, compressor lubricants, natural petroleum sulfonates and biodiesel.

The Dickinson facility's processing capability includes acid treating, filtering and blending, approximately 183,000 barrels of storage capacity in 186 tanks and related loading and unloading facilities and utilities. In addition, the company owns and operates product terminals in Burnham (Illinois), Rhinelander (Wisconsin), Crookston (Minnesota), and Proctor, Minnesota (Duluth) with aggregate storage capacities of approximately 150,000, 166,000, 156,000, and 200,000 barrels, respectively. These terminals, as well as additional owned and leased facilities throughout the US, facilitate the distribution of products in the Upper Midwest, East Coast, West Coast and Mid-Continent regions of the US and Canada.

Calumet also use approximately 2,700 leased railcars to receive crude oil or distribute its products throughout the US and Canada. In total, the company has approximately 12.9 million barrels of aggregate storage capacity at its facilities and leased storage locations. Additionally, the company owns and operates seven crude oil loading facilities and related assets in North Dakota and Montana, which provide Calumet the ability to transport crude oil directly from the point of lease, into its crude oil loading facilities and then onto the Enbridge Pipeline System (Enbridge Pipeline) where it can be routed to the company's refineries and/or third party customers.

Scope of the Report

• About the Company - Historical Details, Current Ownership Structure and basic overview of Calumet Specialty Products Partners, L.P. in terms of revenue, net income, and operating income.
• Financials - Details about Calumet Specialty Products Partners, L.P. listing status, annual financial reports (for the past 5 years), key financial highlights and region wise and category wise breakdown of their net revenue.
• Products / Services - Listing of the company’s entire portfolio along with description of individual products / services providing a clear picture of their target audience.
• Company SWOT Analysis - Outlines Calumet Specialty Products Partners, L.P.’s strengths, weaknesses, and opportunities and threats facing the company.
• Recent Developments - Showcases Calumet Specialty Products Partners, L.P.’s recent developments including mergers, acquisitions, partnerships, collaborations, new product launches, investment and divestment plans.
• Strategic Evaluation - Provides an overview of Calumet Specialty Products Partners, L.P.’s corporate goals and strategic initiatives and evaluates their outcomes along with outlining any persisting legal issues and outlook of our in-house analyst panel on the particular company.
• Technology Landscape - Details how the company allocates its IT budget across the core areas of its business, CIO/CTO Profile, Key IT Initiatives and Deals undertaken buy the company at present along with outlook.

Key Questions Answered

• What domain does Calumet Specialty Products Partners, L.P. operate and what are key points about it?
• What is the product / service portfolio of Calumet Specialty Products Partners, L.P.?
• How has Calumet Specialty Products Partners, L.P. performed financially from the 2013?
• How does Calumet Specialty Products Partners, L.P. rank among its peers in terms of revenue and market share?
• What are Calumet Specialty Products Partners, L.P. strengths and weaknesses and what opportunities and threats does it face?
• What are Calumet Specialty Products Partners, L.P.’s main growth strategies and how successful has the company been at implementing them?
• What is the in-house technical capability of Calumet Specialty Products Partners, L.P.? Where does it procure / outsource it?

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