Delek to Invest $150 Million into Upgrading its Krotz Springs Refinery in Louisiana

Delek US President and CEO Uzi Yemin announced Thursday the energy company will spend $150 million to upgrade its Krotz Springs refinery over the next five years, creating 30 new jobs with average annual salaries of $90,000 plus benefits. The 74,000 bpd Louisiana refinery manufactures gasoline, diesel fuel, petrochemicals and other products.

Gov. John Bel Edwards was with Yemin in St. Landry Parish for the announcement. He met with Yemin on a recent trip to Israel, and credited that visit with helping lead to the expansion plans.

The governor’s office said Delek US also considered sites in Texas and Arkansas. Louisiana is giving the company a four-year $7.5 million grant to make dock terminal improvements, and the company will get state tax breaks.