Paramount Petroleum Corporation is headquartered in Paramount, California

Paramount, California

Paramount is a city in Los Angeles County, California, United States. According to the 2010 census, the city had a total population of 54,098 down from 55,266 at the 2000 census...

. It operates a refinery at that location and is the largest seller of asphalt

Asphalt

Asphalt or , also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits, it is a substance classed as a pitch...

 in California

California

California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

. Paramount also operates a refinery near Portland, Oregon

Portland, Oregon

Portland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States...

, as well as several marketing terminals in the Western United States. Paramount has been a subsidiary of Alon USA

Alon USA

Alon USA Energy Inc. or Alon USA . Alon USA Energy, Inc. is headquartered in Dallas, Texas and engages in refining and marketing petroleum products primarily in the southwestern and south central regions of the United States. Alon USA was formed after Alon Israel Oil Company Ltd, the largest...

, a publicly-traded refining and marketing company (NYSE:ALJ), since 2006. The president of the company is Alan P Moret.