Delek US Holdings Inc. has signed and closed the sale of AltAir Paramount LLC and Delek’s Paramount, California, refining and pipeline assets to an affiliate of Boston-based World Energy LLC.

The sale includes all of Delek’s membership interests in AltAir Paramount, which operates a 3,000-barrel-per-day renewable diesel/renewable jet fuel facility; Delek’s idled Paramount refinery; and associated pipelines and storage tanks.

Based on Delek’s ownership interest in AltAir Paramount, the transaction is expected to result in proceeds to Delek of approximately $72 million. That number takes into consideration estimated working capital, Delek US’ portion of the biodiesel tax credit for 2017 and deal costs.

For more information, visit www.delekus.com or www.worldenergy.net.