World Energy buys Delek US Holding’s assets including interests in AltAir Paramount

March 20, 2018 |

In California, Boston-based advanced biofuel producer, World Energy, LLC announced that it has closed on the purchase from Delek US Holdings, Inc. of its interests in renewable jet and diesel producer AltAir Paramount, LLC, its Paramount Petroleum, LLC refinery assets, both collocated in Paramount, CA, as well an adjacent tank farm and most of Delek’s California pipeline assets.

The purchase includes a 63-acre complex consisting of a 45 million gallon per year renewable jet / renewable diesel production facility, 1.7 million barrels of product storage, a truck rack with 28 thousand barrels per day of throughput capacity, rail storage for up to 70 rail cars, and pipelines stretching over 71 miles connecting the facility to major southern California distribution hubs including Long Beach.

Category: Fuels

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