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Paramount Petroleum Corp

Company Summary

Description

Paramount Petroleum Corporation is the leading manufacturer and marketer of asphalt in the Western states. The heart of the company is our 54,000 BPD day refinery located in Paramount, CA. and our 35,000 BPD refinery in Long Beach. These refineries have been in operation since the 1930s, and today are the largest and most efficient asphalt refineries in California.

Website

http://www.ppcla.com/

Related Entities

Recent news

  • 3/19/2018 - World Energy Acquires S.... (subscriber access)

Company Transactions

Date: 3/19/2018
Type: Acquisition

BUYERS:
  • World Energy, LLC
    • SELLERS:
  • AltAir Paramount LLC
  • Paramount Petroleum Corp
  • Delek US Holdings, Inc.
    • DETAILS:

    COST: 72 $MM

    VOLUMES: 45 Gallons (Millions)

    NOTES:
    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.
    REGIONS:
  • West