This Slide: #34 of 48 |
Slide #34. Delek Renewables, LLC — EQM Technologies & Energy, Inc. Biodiesel Production Business
Acquirer:
Delek Renewables, LLC (NYSE:DK)
Acquiree:
EQM Technologies & Energy, Inc. Biodiesel Production Business (EQTE)
Details:
EQM Technologies & Energy, Inc., a leading provider of environmental services to government and commercial businesses, today announced that it has completed the sale of its biodiesel production facility based in Cleburne, TX and related assets to Delek Renewables, LLC ("Delek Renewables"), a wholly owned subsidiary of Delek US Holdings, Inc, for approximately $5.5 million in cash.
Delek US Holdings is a holding company. Through its subsidiaries, Co. is engaged in the downstream energy business focused on petroleum refining, the transportation, storage and wholesale distribution of crude oil, intermediate and refined products and convenience store retailing. Co. operates in three reportable operating segments: refining, which owns and operates four independent refineries located in Tyler, TX, El Dorado, AR, Big Spring, TX and Krotz Springs, LA; logistics, which gathers, transports and stores crude oil and markets, distributes, transports and stores refined products; and retail, which includes the operations of convenience store sites.
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