Delek US Holdings Inc. will invest $150 million to enhance its refinery in Krotz Springs, La., via a series of projects over the next five years, according to a May 23 release from the office of Louisiana governor John Bel Edwards.
The refinery enhancement projects will include infrastructure improvements, facility construction and renovations as well as new machinery and equipment.
The Louisiana Economic Development agency offered Delek US a "competitive incentive package" in order to secure the project that includes a "performance-based grant of up to $7.5 million, payable over four years, for enhancing the dock terminal that serves the company at the Port of Krotz Springs on the Atchafalaya River," the release said. The firm is also expected to use Louisiana's Quality Jobs and Industrial Tax Exemption programs.
Built in 1980, the Krotz Springs refinery has a capacity of 74,000 barrels per day and manufactures gasoline, diesel fuel, petrochemicals and other products.