Jeff Morris, CEO of asphalt manufacturer ALON, says his company designed its business strategy to take advantage of California's tough climate and renewable energy law.
Morris says the refinery his company purchased in Paramount is already one of the lowest-emitting facilities in the state, and his business is designed to be profitable in an environment where carbon is expensive.
The company initially set out to build a new plant near Long Beach, but the cost of equipment became too high. The business is designed to succeed with California's climate and energy law in place, but it can work if voters decide to suspend the law as well.
Morris has met with state officials and is committed to supporting the state law. His company is the largest producer of asphalt in the Western U.S. and the largest in the country for asphalt made from old tires.
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