Alon USA Receives Approval To Construct Bakersfield Rail And Refinery Project
DALLAS, Sept. 10, 2014 /PRNewswire/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced that it has received the necessary approval from the Kern County Board of Supervisors to construct a new rail facility at the Bakersfield refinery and to make modifications to the refinery that will allow it to process light crude. The permit allows Alon to construct a double rail loop capable of receiving two unit trains per day of crude. Alon expects to provide information on the cost of constructing the new rail facility and the expected crude-by-rail volumes at the time of the third quarter 2014 conference call. Construction of the rail facility is expected to be completed by the end of 2015.
Paul Eisman, CEO and President, commented, "We are very pleased to receive the permit for our Bakersfield crude flexibility project and grateful for the community's support of this initiative. With this approval in hand, we are ready to start detailed engineering."
Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. Alon owns 100% of the general partner and approximately 82% of the limited partner interests in Alon USA Partners, LP, which owns a crude oil refinery in Texas with an aggregate crude oil throughput capacity of approximately 73,000 barrels per day. In addition, Alon directly owns crude oil refineries in Louisiana and California, with an aggregate crude oil throughput capacity of approximately 144,000 barrels per day. Alon is a leading marketer of asphalt, which it distributes through its asphalt terminals predominately in the Western United States. Alon is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in Texas and New Mexico.
Contacts: |
Stacey Hudson |
Investor Relations Manager |
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Alon USA Energy, Inc. |
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972-367-3808 |
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Investors: Jack Lascar |
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Dennard-Lascar Associates, LLC |
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713-529-6600 |
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Media: Blake Lewis |
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Lewis Public Relations |
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214-635-3020 |
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Ruth Sheetrit |
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SMG Public Relations |
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011-972-547-555551 |
SOURCE Alon USA Energy, Inc.
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