Delek US Holdings, Inc. (DK) announced that has it entered into an agreement to purchase a biodiesel production facility and related assets based in Cleburne, Texas from EQM Technologies & Energy, Inc. (EQTE) for about $5.3 million.
The company said that this transaction is expected to close on or before January 23, 2013.
Commenting on the biodiesel facility, Delek US said it has a production capacity of about 12 million gallons per year. Delek US intends to spend approximately $3.0 million in capital expenditures during 2013 to improve the feedstock flexibility of this facility.
At present, the facility produces biodiesel exclusively for Delek US and its affiliates under a tolling agreement. The tolling agreement will terminate upon completion of this transaction, the company stated.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.