ST. PAUL, Minn., Sept. 4, 2014 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative and a global energy, grains and foods company, announced today it will invest $406 million in its Laurel, Mont., refinery to boost efficiency and increase diesel production.

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"These projects, along with all of our ongoing major refining, distribution and storage investments, underscore our continued commitment to building the CHS energy platform," said Jay Debertin, CHS executive vice president and chief operating officer, Energy and Foods. "We are dedicated to providing long-term dependable supplies of quality refined fuels products that help our owners and rural customers grow."

The investments consist of related projects, some of which will begin this fall, and are expected to be completed in phases through 2019. Included in the $406 million investment are:


    --  A new hydrogen plant and crude unit modifications that will increase
        crude oil throughput and increase diesel production.
    --  Hyrocracker modifications that will increase diesel production, reduce
        production interruptions, and allow the refinery to process additional
        crudes.

Debertin said the additional diesel production will help its growing network of Cenex® -branded marketers continue to capture growth opportunities resulting from robust diesel demand, particularly in the northern tier states.

With the addition of these projects, in recent years CHS will have invested nearly $2 billion in its operations based at Laurel and McPherson, Kan., including refinery ownership, production expansion and efficiencies; new and expanded terminals and storage; and an additional crude oil supply connection.

Debertin said when all current Montana and Kansas refinery projects are complete in 2019, total CHS refining capacity will increase by as much as 33 percent from 120,000 barrels per day to an estimated 160,000 barrels per day.

CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex(®) brand refined fuels, lubricants, propane and renewable energy products.

This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2013, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.

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SOURCE CHS Inc.