Oil & Gas Journal – Chevron inks deal for sale of Hawaii refinery, downstream assets

Date: Apr 21, 2016

Chevron Corp. subsidiary Chevron USA Inc. has entered a deal for the sale of its 54,000-b/d Kapolei, Ha., refinery on the island of Oahu and other associated Hawaiian downstream assets to Island Energy Services LLC, a subsidiary of One Rock Capital Partners LP, New York.

As part of the agreement, signed on Apr. 19, Island Energy Services will purchase the refinery as well as certain distribution and retail assets located in Hawaii, including Chevron’s interests in a network of 58 retail service stations, four product distribution terminals (on Oahu, Maui, Kauai, and Hawaii Island, respectively), pipeline distribution systems, and other unidentified downstream assets in the state, One Rock said.