Delek US Holdings will expand processing capacity at its Tyler, Texas, refinery by 25%, the company said Thursday. Delek will also conduct a maintenance turnaround at the Tyler refinery and replace its fluid catalytic cracking reactor in the first quarter of next year. Delek said the expansion project would cost approximately $70 million, much of which will be spent this year.
As Bloomberg notes, Delek is among the companies taking advantage of favorable pricing of crude oil from the Permian Basin. Delek told investors the 60,000-barrels-per-day Tyler refinery gets 92% of its crude from west Texas.
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