HGH Adv

Delek US Holdings Announces the Formation of DK Trading & Supply

1 month ago DieselGasoil Comments Off on Delek US Holdings Announces the Formation of DK Trading & Supply

Delek US Holdings Announces the Formation of DK Trading & Supply

BRENTWOOD, Tenn., Jan. 11, 2019 (GLOBE NEWSWIRE) — Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced the formation of DK Trading & Supply, LLC (“DK Trading & Supply”), a wholly owned subsidiary of Delek US. This will consolidate commercial activities for crude oil, refined products and renewable purchases, sales and other commercial activity under one entity in 2019. These activities had previously been conducted through a series of companies under the Delek US umbrella.

Avigal Soreq, EVP and Chief Commercial Officer of Delek US, stated, “Following a series of acquisitions, customers and suppliers were previously working with different entities under Delek US. This step should enhance the customer and supplier experience as it consolidates these activities under one name in the marketplace that should simplify processes with our counterparts. Our strategy, values and relationship with customers, partners and stakeholders remains the same.”

Commencing January 2019, customers and suppliers will begin transitioning to DK Trading & Supply. As this transition is made during the first half of 2019, business previously carried out under the Delek US  umbrella (including but not limited to Delek US Holdings, Inc., Delek Refining, Inc., Lion Oil Company, Delek Marketing & Supply, LLC, Alon USA, LP, Alon Refining Krotz Springs, Inc and Delek Renewables, LLC) will be done through DK Trading & Supply. Customers and suppliers should direct any questions related to this transition to their normal credit or commercial contact.

About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum Refining, logistics, renewable fuels and convenience store retailing.  The Refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

The logistics operations primarily consist of Delek Logistics Partners, LP.  Delek US Holdings, Inc. and its affiliates own approximately 63% (including the 2 percent general partner interest) of Delek Logistics Partners, LP.  Delek Logistics Partners, LP (NYSE: DKL) is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets.

The convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 295 convenience stores in central and west Texas and New Mexico.

Media/Public Affairs Contact:
Michael P. Ralsky
Vice President – Government Affairs, Public Affairs & Communications
615-435-1407

HGH Adv

Related Posts

Clearest image yet of 'snowman' space rock

DieselGasoil 2 months ago
NASA has released the first high-definition image of Ultima Thule – a 20-mile long icy space rock, a billion miles beyond Pluto. It comes after an unmanned spacecraft sent... Read More

Belgian woman kidnapped, kept as SEX SLAVE by group of migrants for MONTHS – reports

DieselGasoil 4 weeks ago
Italian police are investigating a nightmarish case of a Belgian woman, who was kidnapped by a group of Tunisian migrants, Italian and Belgian media report. The captors had allegedly... Read More

COSIA Announces Departure of Chief Executive

DieselGasoil 4 weeks ago
CALGARY, Alberta, Jan. 25, 2019 (GLOBE NEWSWIRE) — Canada’s Oil Sands Innovation Alliance (COSIA) announced today that its Chief Executive, Dr. Dan Wicklum, is stepping down after seven years... Read More

EU diplomats warned to stay out of pubs & cafes to avoid Russian & Chinese ‘spies’

DieselGasoil 2 weeks ago
Brussels is flooded with hundreds of Russian and Chinese agents, the EU security services warned diplomats, saying they must watch where they go for meals and pastimes, German media... Read More