Oil refiner Calumet Specialty Products Partners said it plans to expand its Indianapolis headquarters, adding 48 jobs by 2015.
The company, which produces oils, solvents, waxes, said it will make a multi-million-dollar investment to purchase a new enterprise resource planning system and computer equipment at its headquarters at 2780 Waterfront Parkway.
Calumet, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.
Calumet began operations in 1990 with the acquisition of a specialty lubricants refinery in northwest Louisiana and a distribution terminal in Burnham, Ill. The company now operates five additional plants in Louisiana, Pennsylvania, Texas, Wisconsin and Missouri.
The Indiana Economic Development Corp. offered Calumet up to $400,000 in tax credits and up to $137,500 in training grants. The city of Indianapolis will consider additional property tax abatement.
Calumet's profit has surged in recent quarters, fueled partly by the purchase of a refinery in Superior, Wis., last September that gave it access to relatively cheap Canadian crude oil.
The company earlier this month raised more than $150 million in a secondary stock offering that will help fund additional growth.