Alon USA Receives Approval To Construct Bakersfield Rail And Refinery Project

abarrelfullabarrelfull wrote on 14 Sep 2014 07:34
Tags: alon n-america refinery usa

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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."

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