Strategic Partnerships The Toledo refinery’s scale, throughput capacity of 170,000 bpd and a Nelson complexity rating of 9.2 indicate a mature, high-volume operation with potential for long-term supply contracts, co-processing arrangements, or joint improvement initiatives with midstream and chemical players.

Financial Growth Recent earnings improvement in Q1 2026 to approximately $300M of income from operations, combined with new auditor engagement (KPMG) for 2026, suggests a stabilized financial position that can support capex investments, refinery modernization, and expansion of high-margin petrochemical output.

Petrochemical Upside Toledo’s production slate includes high-value petrochemicals such as nonene, xylene, tetramer and toluene, creating opportunities to cross-sell advanced blending products, catalysts, logistics services, and downstream processing partnerships with chemical manufacturers and distributors.

Technology Enablement Leveraging SAP HANA and Drupal-based web presence along with cybersecurity and analytics tools points to potential for enhanced data services, energy trading optimization, demand forecasting, and digital solutions for customers to improve supply reliability and reporting transparency.

Market Exposure Active participation in investor and energy conferences and a strategic exit/asset sale history with North Palisade Partners highlights openness to collaborations, financing options, and potential M&A or asset-light deal structures that can broaden commercial reach or accelerate capacity utilization.