Oil & Gas Journal: Global Clean Energy Holdings Inc. (GCEH) has acquired and plans the immediate conversion of Delek US Holdings Inc. subsidiary Alon Bakersfield Property Inc.’s idled 70,000-b/d Bakersfield, Calif., refinery into a renewable diesel production plant (OGJ Online, Jan. 9, 2018).
GCEH, which closed the deal on May 7 at a purchase price of $40 million, will immediately begin retooling the former crude oil refinery to produce renewable diesel from organic feedstocks such as vegetable oil, GCEH and Delek said in separate releases.
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