Alon USA

Alon USA Energy Inc.
Public
Traded as NYSE: ALJ
Industry Oil & Gas Refining & Marketing
Predecessor Fina
Founded August 2000
Headquarters Corporate headquarters in Dallas, Texas, United States
Key people
 David Wiessman, (Chairman)
Paul Eisman, (CEO)
Shai Even, (CFO)
Products Fuels, Petrochemicals
Revenue IncreaseUS$8.02 Billion (FY 2012)[1]
IncreaseUS$269.50 Million (FY 2012)[1]
IncreaseUS$79.13 Million (FY 2012)[1]
Total assets DecreaseUS$2.22 Billion (FY 2012)[2]
Total equity IncreaseUS$584.71 Million (FY 2012)[2]
Number of employees
 2,821
Website www.alonusa.com

Headquartered in Dallas, Texas, ALON USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the western and south-central regions of the United States.

With a refining capacity of nearly 217,000 barrels per day, Alon owns and operates heavy crude oil refineries in Big Spring, Texas, and Paramount, Long Beach and Bakersfield, California (collectively known as the California refineries), as well as a light crude oil refinery in Krotz Springs, Louisiana.

Alon is a leading marketer of asphalt, which it distributes primarily through asphalt terminals located predominately in the southwestern and western United States.

ALON Brands, Inc., the retail and branded marketing subsidiary of Alon USA, markets and supplies ALON motor fuels to independent and company-owned retail locations. ALON Brands is the largest licensee of 7-Eleven in the U.S., operating more than 300 convenience stores in Texas and New Mexico.

Expansion

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

Alon U.S.A. 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 54,000 barrels per day (8,600 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 40,000 barrels per day (6,400 m3/d).

In July 2006 Alon USA closed on the transaction to purchase 40 convenience stores from Good Time Stores.

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.

On June 2, 2010 Alon announced that it has completed the acquisition of the Bakersfield, California refinery from Big West of California, LLC, a subsidiary of Flying J Inc. The purchase price of the Bakersfield transaction, including substantially all of the assets of Big West, consists of $40 million in cash. The Company also acquired the Bakersfield refinery's existing inventory as of the closing date of the transaction. The Bakersfield refinery is located in California's Central Valley and has the capacity to refine up to 70,000 barrels per day of crude oil. The refinery is supplied by crude oil produced in the San Joaquin Valley with its products marketed in California, and is a major provider of motor fuels in central California.

Refinery explosion

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 70,000 barrels (11,000 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.[3] In addition to the four workers, a passing motorist on Interstate 20 sustained an injury when debris struck her vehicle, according to local reports.[4] 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.[5] 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

  1. 1 2 3 Alon USA Energy (ALJ) annual SEC income statement filing via Wikinvest.
  2. 1 2 Alon USA Energy (ALJ) annual SEC balance sheet filing via Wikinvest.
  3. ↑ "West Texas Refinery Explodes". Associated Press. 18 February 2008.
  4. ↑ "Miracle on I-20: 5 injured in huge explosion". Big Spring Herald. 19 February. Check date values in: |date= (help)
  5. ↑ "Alon USA Provides Additional Information Regarding the Explosion at the Big Spring Refinery". Alon USA. 18 February 2008.

External links

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