biofuels

World Energy Acquires Renewable Jet Fuel Producer AltAir

185
Boston-Based World Energy has closed on the purchase of Delek’s interests in renewable jet and diesel producer, AltAir Fuels, and  Delek’s Paramount, California, refining and pipeline assets. The sale includes all of Delek’s membership interests in AltAir.
World Energy Acquires Renewable Jet Fuel Producer AltAir

According to StreetInsider, based on Delek’s ownership interest in AltAir Paramount, the transaction should result in expected proceeds to Delek of approximately $72 million. 

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.

“This acquisition places us in the heart of the growing California cleaner fuels market by adding to our platform the world’s first renewable jet refinery and one of only three US renewable diesel plants,” said Gene Gebolys, World Energy’s CEO.

“Supported by the frameworks of the national Renewable Fuel Standard and California’s Low Carbon Fuels Standard programs, AltAir converted a struggling petroleum refinery to one of the country’s most important renewable fuel refineries, while preserving and converting approximately 100 jobs to the green economy,” said Bryan Sherbacow, AltAir co-founder. “I am proud to have led the development of AltAir, excited to have facilitated this transaction with World Energy and am thrilled to join the company’s executive leadership team to make an even bigger impact in California, North America and beyond.”

Tags: Fuel , Storage , Jobs , Carbón
Add a comment
seo
Im no expert, but I believe you just made an excellent point. You certainly fully understand what youre speaking about, and I can truly get behind that. 먹튀검증업체
seo
Superbly written article, if only all bloggers offered the same content as you, the internet would be a far better place.. 토토사이트
seo
Your articles are inventive. I am looking forward to reading the plethora of articles that you have linked here. Thumbs up! 토토사이트 인디벳
sabra
I read this article. I think You put a lot of effort to create this article. I appreciate your work. 토토사이트
sabra
You should mainly superior together with well-performing material, which means that see it: read more here
seo
I am always searching online for storys that can accommodate me. There is obviously a multiple to understand about this. I feel you made few salubrious points in Attributes moreover. Detain busy, awesome career! nursing school test bank
sabra
I\'ve proper selected to build a blog, which I hold been deficient to do for a during. Acknowledges for this inform, it\'s really serviceable! read more here
sabra
I\'ve proper selected to build a blog, which I hold been deficient to do for a during. Acknowledges for this inform, it\'s really serviceable! read here
seo
I\'ve proper selected to build a blog, which I hold been deficient to do for a during. Acknowledges for this inform, it\'s really serviceable! buy subutex online
seo
I\'ve proper selected to build a blog, which I hold been deficient to do for a during. Acknowledges for this inform, it\'s really serviceable! Madni Travel Agency Karachi
1 2 3 4 5
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).