Alon to acquire Krotz Springs refinery

Alon USA Energy has signed a purchase agreement to acquire the 83,100 b/d refinery in Krotz Springs, La., from Valero Energy for $333 million in cash plus working capital.

By OGJ editors
HOUSTON, May 9 -- Alon USA Energy Inc., Dallas, has signed a purchase agreement to acquire the 83,100 b/d refinery in Krotz Springs, La., from Valero Energy Corp., San Antonio, for $333 million in cash plus working capital.

The transaction is expected to close in this year's second quarter or early third quarter.

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