Alon USA Announces Completion of Hydrocracker Project at Bakersfield

abarrelfullabarrelfull wrote on 28 Jun 2011 05:23
Tags: alon refinery usa

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Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced that the hydrocracker project at its Bakersfield, California refinery has been successfully completed and the unit is now in operation. The facility is currently processing vacuum gas oil produced by our other California refineries, producing on-spec product.

Paul Eisman, Alon USA's President and CEO, remarked, "The operation of the hydrocracker is the final step in the integration of the Bakersfield refinery with our other California refineries. We are very proud of our California operations team for completing the integration project on-schedule and on-budget, and for restarting the refinery safely and effectively. The addition of the hydrocracker to our California refineries should result in significant improvement to our refining margins for those facilities."

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. The Company owns four crude oil refineries in Texas, California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 250,000 barrels per day. Alon is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon is the largest 7-Eleven licensee in the United States and operates more than 300 convenience stores in Texas and New Mexico. Alon markets motor fuel products under the FINA brand at these locations and at approximately 640 distributor-serviced locations.

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