Alon USA


Alon USA

Infobox_Company
company_name = Alon USA Energy Inc.
company_
company_type = Public (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=ALJ ALJ] )
foundation = August 2000
location = Corporate headquarters in Dallas, Texas
key_people = Jeff D. Morris, CEO
Claire Hart, Senior VP
Shai Even, CFO
num_employees = 2,029
industry = Oil & Gas Refining & Marketing
products = Fuels, Petrochemicals
revenue = profit$4.34 billion USD (2007)
homepage = [http://www.alonusa.com www.alonusa.com]

Alon USA Energy Inc. or Alon USA (nyse|ALJ) Alon USA Energy, Inc. is headquartered in Dallas, Texas and engages in refining and marketing petroleum products primarily in the southwestern and south central regions of the United States. Alon USA was formed after Alon Israel Oil Company Ltd, the largest Israeli-based fuel company, purchased from Total S.A. over 1,700 FINA retail stations, an oil refinery, pipelines and terminals in the US.

The Refining and Marketing segment refines crude oil into petroleum products, including gasoline, diesel, jet fuel, petrochemicals, asphalt, and other petroleum products. The segment primarily markets its gasoline and diesel under the FINA brand name at approximately 1,250 locations. Alon USA's integrated system includes a crude oil pipeline system operating via throughput agreements with outside parties and totaling approximately convert|500|mi|km. The segment’s product pipeline and terminal network consisted of 7 product pipelines totaling approximately convert|840|mi|km and 6 product terminals. The Retail segment operates more than 200 convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brands.

Expansion

Alon USA announced it would buy Paramount Petroleum Corp. for $307 million cash, and assume $100 million in debt. The deal closed in August 2006.

Alon USA also plans to buy the assets of Edgington Oil Co. for $52 million cash, a deal delayed in closing due to an FTC request for further information.

Among Paramount's assets are a convert|54000|oilbbl/d|m3/d refinery in Paramount, California, and seven asphalt terminals. Edgington is a topping refinery located in Long Beach, California with a listed capacity of about convert|40000|oilbbl/d|m3/d.

In July 2006 Alon USA closed on the transaction to purchase 40 convenience stores from Good Time Stores. They are in the process of converting these stores to the FINA and 7-Eleven brands.

In March 2007 Alon USA announced that it would purchase Abilene Based Skinny's convenience stores for 70 million dollars.

In May 2008 Valero announced they had sold the 85,000 BPD Krotz Springs, Louisiana refinery to Alon USA for $433 million.

Recent News

On February 18, 2008, an explosion occurred at an oil refinery in Big Spring, Texas owned by Alon USA. The plant employs about 170 employees and has a capacity of convert|70000|oilbbl|m3 of oil a day. This event has caused portions of Interstate 20 to be shut down. Initial reports state that four workers were injured. [cite news | title=West Texas Refinery Explodes
date=18 February, 2008 | publisher=Associated Press | url=http://www.foxnews.com/story/0,2933,331039,00.html
] In addition to the four workers, a passing motorist on Interstate 20 sustained an injury when debris struck her vehicle, according to local reports. [cite news | title=Miracle on I-20: 5 injured in huge explosion | date=19 February | publisher=Big Spring Herald | url=http://www.bigspringherald.com/content/view/109967/60/] According to a press release by the company on February 19, the explosion occurred in the area around the propylene splitter unit, although the cause has not yet been determined. [cite news | title=Alon USA Provides Additional Information Regarding the Explosion at the Big Spring Refinery | date=18 February, 2008 | publisher=Alon USA | url=http://www.alonusa.com/index.cfm?FuseAction=Page&PageID=1000024&ArticleID=99] Information on the company's website states that ALON USA acquired ownership of the Big Spring, Texas refinery in August 2000, when ALON Israel Oil Company Ltd. purchased the U.S. fuels marketing and refining assets of Atofina Petrochemicals, Inc. (FINA). The refinery has been in service for more than 75 years, and produces fuel products and asphalt for the southwestern United States. It was constructed in 1928 by the original owner, Joshua Cosden.

References

External links

* [http://www.alon.co.il/ Alon Israel Oil Company Corporate Site]
* [http://www.alonusa.com/ Alon USA Corporate Site]
* [http://www.bicmagazine.com/article/May07/specialfeatures/may07ceo ALON executive says change is on the horizon, (BIC magazine interview with Jeff Morris, May 2007)]


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