BRENTWOOD, Tenn., Jul 18, 2007 (BUSINESS WIRE) -- Delek US Holdings, Inc. (NYSE: DK) today announced that Delek
Refining, Ltd., a wholly owned subsidiary, has completed the
construction and commissioning of a new 138 kV electrical substation
located at the Tyler, Texas refinery.
The substation removes the refinery's electrical load from the TXU
East Tyler substation, providing a more reliable, independent power
supply for the daily operations of the refinery. We expect this
reliable power supply to increase the utilization of the refinery.
About the Company: Delek US Holdings, Inc. is a diversified energy
business focused on petroleum refining, marketing and supply of
refined products, and retail marketing of fuel and general
merchandise. The refining segment operates a high conversion,
independent refinery, with a design crude distillation capacity of
60,000 barrels per day, in Tyler, Texas. The marketing and supply
segment markets refined products through its terminals in Abilene,
Texas and San Angelo, Texas as well as other third party terminals.
The retail segment markets gasoline, diesel and other refined
petroleum products and convenience merchandise through a network of
company-operated retail fuel and convenience stores, operated under
the MAPCO Express(R), MAPCO Mart(TM), East Coast(R), Discount Food
Mart(TM) , Fast Food and Fuel(TM) and Favorite Markets(R) brand names.
Safe Harbor Provisions Regarding Forward-Looking Statements: This
press release contains forward-looking statements that are based upon
current expectations and involve a number of risks and uncertainties.
Statements concerning our current estimates, expectations and
projections about our future results, performance, prospects and
opportunities and other statements, concerns, or matters that are not
historical facts are "forward-looking statements," as that term is
defined under the federal securities laws.
Investors are cautioned that the following important factors,
among others, may affect these forward-looking statements. These
factors include but are not limited to: our competitive position and
the effects of competition; the projected growth of the industry in
which we operate; changes in the scope, costs, and/or timing of
capital projects; management's ability to execute its strategy of
growth through acquisitions and transactional risks in acquisitions;
general economic and business conditions, particularly levels of
spending relating to travel and tourism or conditions affecting the
southeastern United States; risks and uncertainties with the respect
to the quantities and costs of refined petroleum products supplied to
our pipelines and/or held in our terminals; potential conflicts of
interest between our majority stockholder and other stockholders; and
other risks contained in our filings with the Securities and Exchange
Forward-looking statements should not be read as a guarantee of
future performance or results and will not be accurate indications of
the times at, or by which such performance or results will be
achieved. Forward-looking information is based on information
available at the time and/or management's good faith belief with
respect to future events, and is subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in the statements. Delek US undertakes no
obligation to update or revise any such forward-looking statements.
SOURCE: Delek US Holdings, Inc.
Delek US Holdings, Inc.
Investor Relations Contact:
Assi Ginzburg, 615-224-1179
Vice President of Strategic Planning
U.S. Media Contact:
Lovell Communications Inc.
Paula Lovell, 615-297-7766
Israel Media Contact:
Lior Chorev, 011-972-3-644-0404