Global Clean Energy buys Bakersfield refinery for $40M, converting to produce renewable diesel
Green Car Congress
MAY 9, 2020
Global Clean Energy Holdings, Inc., Following startup, currently anticipated to be in late 2021, the repurposed refinery is expected to supply a meaningful portion of the demand for clean-burning alternative diesel fuels in California. through a subsidiary, has purchased Alon Bakersfield Properties, Inc., a subsidiary of Delek US Holdings, Inc. and the owner of the Alon Bakersfield Refinery. The total cash consideration paid to Delek US Holdings for the purchase was $40 million.