Delek Aims to Boost U.S. Refinery Production After Rough 2024

February 26, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Delek US (Brentwood, Tennessee), a subsidiary of Delek Group (Netanya, Israel), emerged from a turbulent 2024 with stronger profitability, despite lower refining crack spreads that took a toll on its bottom line. The refining and gas-processing company sold its retail business and chalked up two major acquisitions over the past 12 months, and it is looking forward to 2025 with a series of expansions at one of its major refineries.

Industrial Info is tracking more than $2 billion worth of active and planned projects worldwide from Delek, including about $730 million worth in the U.S. Market conditions proved challenging for Delek over the past year, as they did for many refiners; during the fourth quarter 2024, Delek US's benchmark crack spreads were down an average of 13.1% from prior-year levels. Nonetheless, the company closed its acquisitions of water infrastructure and logistics companies H2O Midstream and Gravity Water Midstream over the past 12 months.

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