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8-K
DELEK US HOLDINGS, INC. filed this Form 8-K on 12/04/2017
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Expected annual EBITDA $35-$40 million; Target completion in 1Q19 Krotz Springs Alkylation Project 15 • Alkylation unit with 6,000 bpd capacity • Approx. $103.0 estimated capital costs with $20.0 million spent as of Sept. 30, 2017 • Improves refinery flexibility • Converts lower priced iso-butane into higher value alkylate • Enables multiple summer grades of gasoline to be produced • Increases octane to produce premium gasoline • Ability to access local markets • Estimated project returns • Estimated annual EBITDA (1) $35-$40 million • Driven by the conversion/Reduces dependency on crack spread environment for project return • Economics based on 67 cents/gallon spread between CBOB 7.8 and iso-butane • Sensitivity: each 10 cents/gallon change equals $3.2 million EBITDA change 0.69 0.97 1.23 1.21 0.90 0.61 0.65 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 Sp re ad , CP G Gulf Coast CBOB 7.8 – Isobutane Spread 38.4 44.0 22.2 22.2 8.0 8.0 11.1 8.7 Base Alky Change in Yields, in 000 bpd Gasoline Diesel/Jet Heavy Oils Other 1) Please see page 36 for a reconciliation of forecasted EBITDA to forecasted net income.


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