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Delek Sells Alt Air Renewable Fuels Facility (M&A, Ind. Report)
Delek US Holdings, AltAir Paramount
Date: 2018-03-21
Franklin, Tennessee-headquartered Delek US Holdings, Inc. reports the sale of AltAir Paramount, LLC and Delek’s Paramount, California refining and pipeline assets to an affiliate of Boston based World Energy, LLC. The sale, which is expected to yield approximately $72.0 million after adjustments, includes all of Delek's membership interests in AltAir Paramount, LLC which operates a 3,000 bpd renewable diesel/ renewable jet fuel facility, Delek's idled Paramount refinery, and associated pipelines and storage tanks.

Vandewater Capital Holdings, the lead investor and controlling shareholder of AltAir Fuels from its inception in 2013 until Delek acquired a controlling stake in October of 2015, brought AltAir from concept to a leading refinery of renewable fuels .

World Energy, one of the largest and longest serving advanced biofuel suppliers in North America, operates biodiesel manufacturing plants in Houston, TX, Natchez, MS, Rome, GA, Harrisburg, PA, and now Paramount, CA. The company also operates distribution hubs nationwide. (Source: Delek, PR, 19 Mar., 2018) Contact: Delek US Holdings, Keith Johnson VP Investor Relations, (615) 435-1366, www.delekus.com; AltAir Fuels, Tom Todaro, CEO, (843) 720-8920, (562) 748-4726, www.altairfuels.com

More Low-Carbon Energy News Aviation Biofuel,  Jet Biofuel,  Delek Holdings,  Renewable Fuels,  AltAir,  

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