Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing headquartered in
Brentwood, Tennessee
Brentwood is a city in Williamson County, Tennessee, United States. The population was 45,373 as of the 2020 United States census.
* Delek's system processes primarily light crude oil sourced from the Permian Basin, East Texas, Gulf Coast and local production near Delek's refinery locations. In the past two years, Delek has doubled its refining capacity and gained a large presence in the Permian Basin.
Logistics
* Delek's logistics segment gathers, transports, and stores crude oil, as well as markets, distributes, transports and stores refined product in West Texas and the Southeast U.S. These operations serve as the logistics arm of Delek's company, primarily providing support for Delek's refining operations, while also serving third parties.
Retail
* Delek's fuel brands are DK and ALON.
Renewables
* There is increased demand projected for biodiesel, and Delek's three biodiesel plants serve as strong assets in a growing renewable industry.
* Delek's plants are capable of producing approximately 40 million gallons of biodiesel a year.
* Located in Cleburne, Texas, Crossett, Arkansas, and New Albany, Mississippi.
** Delek Renewables utilizes a wide variety of waste stream feedstocks in used cooking oil, poultry fat, beef tallow, and choice white grease (hog fat) as well as vegetable oils such as soybean and canola oil.
History
Since 2001, the Company has completed multiple acquisitions in the refining, marketing & logistics, and convenience store industries.
Today, Delek is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels, and convenience store retailing. Key events in its history are summarized below:
Acquisitions/Divestitures
* May 2001: Acquired MAPCO Express, Inc., with 198 retail fuel and convenience stores
* April 2005: Acquired the Tyler Refinery and its related assets
* July 2006: Acquired of 40 Retail Fuel and Convenience Stores From Fast Petroleum
* August 2006: Acquired of Refining Equipment, Pipelines, Storage Tanks and Terminals From Pride Companies
* October 2011: Acquired sole ownership of Lion Oil Company, with a refinery, pipeline and other refining, product terminal, and crude oil pipeline assets in and around El Dorado, Arkansas, and product terminals in Memphis and Nashville, Tennessee
* January 2013: Announced Agreement to Purchase a Biodiesel Facility in Cleburne,Texas from EQM Technologies & Energy, Inc.
* February 2014: Announced Agreement to Purchase a Biodiesel Facility in Crossett, Arkansas
* November 2016: Completed Sale of MAPCO Retail Related Assets for $535 million
* March 2018: Sold refineries in
Paramount, California
Paramount is a city in Los Angeles County, California, United States. According to the 2010 census, the city had a total population of 54,098, down from 55,266 at the 2000 census. Paramount is part of the Greater Los Angeles Area and is bo ...
and Long Beach, California to World Energy LLC.
* November 2018: Announced Big Spring Crude Oil Gathering System in the Permian Basin
* May 2019: Acquired 33% Interest in Red River pipeline joint venture
* August 2019: Acquired 15% Interest in Wink to Webster Pipeline LLC
* November 2019: Announced Agreement to Purchase a Biodiesel Facility in New Albany, Mississippi
* May 2020: Sold Bakersfield Refinery to Global Clean Energy Holdings
Mergers
* May 2015: Acquired 33.7 million shares of common stock of Alon USA Energy, Inc. This represented approximately 48% of Alon USA shares outstanding in May 2015
* July 2017: Acquired the remaining shares of common stock of Alon USA Energy, Inc. Operations included refining, retail, asphalt, and renewable fuel, including
Paramount Petroleum
Paramount Petroleum Corporation was headquartered in Paramount, Los Angeles County, California. It operated a refinery at that location, and was the largest seller of asphalt in California.
Paramount also operated a refinery near Portland, Ore ...