CHS 2014 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2014 CHS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 73

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73

6 CHS 2014
CHS continues to invest in its petroleum refineries and related
storage and distribution system. A new hydrogen plant and
crude unit modifications will boost diesel production at the
Laurel, Mont., refinery by 2019.
Dramatic growth of its Ruby Fieldmaster® and
Roadmaster XL® premium diesel fuel products
drove momentum for Refined Fuels in 2014.
Increased production was supported by greater
eciency at CHS-owned refineries at Laurel,
Mont., and McPherson, Kan., and stronger sales
to agricultural, fleet, construction and oil patch
customers. CHS now owns 88.85 percent of the
McPherson refinery and will assume sole ownership
on Sept. 1, 2015. The business continued to support
the growing number of Cenex® branded convenience
stores and other retail sites with consulting and
enhanced consumer brand awareness.
Propane recorded significant growth and record
volumes during the year as it partnered with local
suppliers to overcome seasonal supply challenges.
Sharp and unprecedented demand for propane
to dry crops and heat homes and businesses was
created by a late harvest and long, cold winter.
CHS proactively addressed long-term needs related
to reversal of the Cochin pipeline with significant
upgrades to the CHS propane distribution system,
including more storage capacity, significant railcar
fleet growth and exclusive throughput contracts.
The CHS Propane Storage Assistance Program
introduced in 2014 helps CHS wholesale propane
customers increase propane storage capacity
through its purchase plan.
Extending the pattern of strong, sustained growth in fiscal 2014, the CHS
Energy business expanded its local presence, entered emerging global
renewable fuels markets, and committed additional capital to refinery and
distribution improvements that will bring long-term returns to owners.
ENERGY
Every year, the CHS Transportation fleet
serves customers by covering more than
35M
MILES