Energy company Delek will invest $150 million to enhance its refinery in Krotz Springs via a series of projects over the next five years.
In making the announcement last week, Delek US President and CEO Uzi Yemin said the company considered other sites in Texas and Arkansas before choosing its Louisiana refinery for the new investment. The investment comes after the company completed a $138 million alkylation project there in April.
The Krotz Springs facility manufactures gasoline, diesel fuel, petrochemicals and other products, with a capacity of 74,000 barrels per day. Built in 1980, it is one of the country’s newer refineries.
Delek US will create 30 new direct jobs with an average annual salary of $90,000, plus benefits. In addition, Louisiana Economic Development estimates the investment will result in 48 new indirect jobs, for a total of 78 new jobs for St. Landry Parish and the Acadiana region. The company also will retain 200 existing jobs at its Krotz Springs refinery.
“That Delek is announcing major new investments in facilities and jobs in Krotz Springs less than a month after the completion of the company’s largest-ever capital project is a testament to our faith in the refinery and the team that runs it,” Yemin said in making the announcement.
Delek will receive a performance-based grant of up to $7.5 million, payable over four years, for enhancing the dock terminal that serves the company at the Port of Krotz Springs on the Atchafalaya River. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.