Alon USA
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| Alon USA Energy Inc. | |
 |
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| Type | Public (NYSE: ALJ) |
|---|---|
| Founded | August 2000 |
| Headquarters | Corporate headquarters in Dallas, Texas |
| Key people | Jeff D. Morris, CEO Claire Hart, Senior VP Shai Even, CFO |
| Industry | Oil & Gas Refining & Marketing |
| Products | Fuels, Petrochemicals |
| Revenue |  $3.20 billion USD (2007) |
| Employees | 1,415 |
| Website | 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.
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 500 miles. The segment’s product pipeline and terminal network consisted of 7 product pipelines totaling approximately 840 miles 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.
[edit] 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 a FTC request for further information.
Among Paramount's assets are a 54,000-barrels-per-day 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.
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.
