Company Profile:
Petro Star Inc. was formed in 1984 to fill a unique role in Alaska's petroleum market. While other Alaska refineries were processing a wide variety of petroleum products, Petro Star's founders recognized the need for a refinery that would process only mid-end distillates such as heating oil, diesel and aviation fuels for homes and businesses in Alaska.At Petro Star Inc.
- We value our people, our clients, and our community.
- We take pride in the accomplishments and dedication of our employees.
- We believe in being a good corporate citizen.
- We are committed to the long term growth and profitability of the company.
- We are dedicated to maintaining personal and professional honesty in all of our business practices.
Efficiency Through Integration
Moving quickly to meet a market need, Petro Star built its refinery in the North Pole within a matter of months. This location placed the company next to the commercial and transportation hub of Fairbanks, and alongside the trans-Alaska pipeline, a direct source of crude oil. Petro Star soon acquired fuel distribution companies and began to market its products throughout Interior Alaska and the Arctic Slope/Prudhoe Bay region.
Through the years, growth has been driven by vertical integration. In 1993, Petro Star Inc. constructed the Valdez Refinery. Today the refinery processes 60,000-bbl/day of Alaska North Slope crude oil. The Valdez refinery produces ultra-low sulfur diesel (ULSD) #2, ULSD Arctic Grade #1, military and commercial grade jet fuel, JP5, heating oil, and marine diesel.
Petro Star's success is largely driven by its ability to serve a targeted market with an extremely efficient operation. In addition to its two refineries, the following companies make up the Petro Star family:
North Pacific Fuel
Fuel distribution and service company with facilities in Kodiak, Dutch Harbor, Valdez, and St Paul, with additional offices in Seattle.
Valdez Petroleum Terminal (VPT)
The principal shipping point for a refined product from Petro Star's Valdez Refinery.
Sourdough Fuel
Fuel distribution and service company with headquarters in Fairbanks and North Pole.
Petro Star Lubricants
A bulk lube repackaging and service company with facilities in Fairbanks and Anchorage.