Andeavor has acquired four West Coast terminals from Delek US Holdings and a 50% interest in the Paramount Nevada Asphalt joint venture terminal in Fernley. Through the $75m transaction, Andeavour intends to strengthen its integrated business model and refine the company’s margin capture.
Greg Goff, chairman, president and CEO. “With a total asphalt capacity of more than 430,000 tons across ten terminals, we are well positioned to improve the value of heavy resid produced at our refineries ahead of IMO 2020 bunker fuel specification changes.”
Three of the terminals are in California and another facility is in Arizona.