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Monday, August 19, 2024

"largest seller of asphalt in California. "

  

"Another expansion of FINA's marketing operations came in 1984, when American Petrofina purchased 

 several thousand service stations  

from Oklahoma-based Champlin Refining Company following that firm's closing of its Enid, Oklahoma refinery.

The Champlin assets were rebranded as FINA stations in several Mid-Continent states including Texas, Oklahoma, Kansas, Nebraska and Iowa among others." 


"Petrofina was a Belgian oil company. It merged with Total in 1999 to form TotalFina, which after subsequent mergers has changed its name back to Total. In the United States, Fina's former refining and marketing operations are now owned by Texas-based Alon USA."  

"Paramount had been a subsidiary of Alon USA, a publicly traded refining and marketing company (NYSE:ALJ), since 2006. 

The president of the company was Alan P Moret.The company was largely financed by two prominent multi billionaires of the United States."


Delek US acquired Alon USA in 2017.

https://en.wikipedia.org/wiki/Delek_US


"ACT began with its convenience store brand in the province of Quebec more than 40 years ago and now has 652 convenience stores and petrol stations across Canada. 

 In 2003, it bought the US convenience store Circle K, which is now present in more than 24 countries worldwide." 

https://www.theguardian.com/business/article/2024/aug/19/owner-of-7-eleven-stores-receives-buyout-offer-from-canadian-rival

"7-Eleven has grown into one of the world’s largest convenience store businesses, with more than 84,000 stores across 19 countries, including 13,000 in the US and 22,000 in Japan.

The Montreal-based ACT is listed on the Toronto stock exchange and has more than 16,700 stores and petrol stations across 31 countries."  


"In 1996, Circle K was acquired by Tosco Corporation, an independent petroleum refiner and marketer, but kept its headquarters in Phoenix. Tosco was purchased in 2001 by Phillips Petroleum, which, in 2002, merged with Conoco to form ConocoPhillips" 


"In mid-2006, Alimentation Couche-Tard entered into a franchising agreement with ConocoPhillips to brand some of its company-owned stores as Circle K, in the western portion of the U.S.  

ConocoPhillips remodeled the stores into the Circle K scheme but continued to operate them. The stores continued to have the new ConocoPhillips unified canopy design and ProClean fuels. These stores were spun off as Phillips 66 in May 2012."  

____ 


"Paramount Petroleum Corporation was headquartered in Paramount, Los Angeles County, California.  

 It operated a refinery at that location, and was the largest seller of asphalt in California. " 

https://en.wikipedia.org/wiki/Paramount_Petroleum 



Industry

Oil & Gas Refining & Marketing

Predecessor

Fina, Alon USA Energy, Inc., MAPCO Express, Lion Oil Company

Founded

2001; 23 years ago 


Delek's fuel brands are DK and ALON. 


"Delek's plants are capable of producing approximately 40 million gallons of biodiesel a year.

Delek's plants are located in Cleburne, Texas, Crossett, Arkansas, and New Albany, Mississippi.

Delek Renewables utilizes a wide variety of waste stream feedstocks in 

 used cooking oil, poultry fat, beef tallow, and choice white grease 

 (hog fat) as well as vegetable oils such as soybean and canola oil." 



"Delek U.S. Becomes Largest U.S. 7-Eleven Licensee

Closes acquisition of Alon USA  

on July 1"

 

By Greg Lindenberg on Jul. 05, 2017 


Seven months after selling its 350-store chain to a Chilean petroleum and convenience-store company, Delek U.S. Holdings Inc. is back in the c-store retail game.

The Brentwood, Tenn.-based company has taken ownership of Alon USA, closing on the acquisition of the remaining outstanding shares of Alon USA Energy Inc. common stock in an all-stock transaction on July 1. 


"The convenience-store retail business Delek U.S. has acquired with Alon USA is the largest 7-Eleven licensee in the United States and operates approximately 300 c-stores that market motor fuels in Central and West Texas and New Mexico.

The new Delek U.S. is a diversified downstream energy company with assets in  
petroleum refining,  
renewable fuels,  
asphalt, logistics,  
wholesale marketing operations 

 and convenience-store retailing. " 




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