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World Energy, LLC

Company Summary

Description

World Energy is one of the largest and longest serving advanced biofuel suppliers in North America. Founded in 1998, the company operates biodiesel manufacturing plants in Houston, TX, Natchez, MS, Rome, GA, Harrisburg, PA, and now Paramount, CA. The company also operates distribution hubs throughout the country.

Website

http://www.worldenergy.net/

Related Entities

Recent news

  • 10/25/2018 - World Energy Investing... (subscriber access)
  • 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