What Petro Star Inc. does

Petro Star Inc. is a privately held Alaska-based petroleum refining and marketing company operating as a wholly owned subsidiary of Arctic Slope Regional Corporation (ASRC), an Alaska Native regional corporation. Formed in 1984 and headquartered in Anchorage, Petro Star owns and operates two refineries—a 25,000-barrel-per-day facility in North Pole and a 60,000-barrel-per-day facility in Valdez—giving it combined daily throughput of 85,000 barrels. Output comprises gasoline, ultra-low sulfur diesel (including Arctic Grade and Marine Grade variants), jet fuel (Jet A, Jet A-1, and military-spec JP8 and D1655), heating oil, marine fuel, lubricants, and asphalt binder PG 52-28. Refined products are stored across 1.3 million barrels of capacity at terminals in Anchorage, Fairbanks, Valdez, Kodiak, and Dutch Harbor, and distributed via pipelines, rail rack systems, marine fuel docks, truck delivery, and retail gas stations under the Petro Star, Sourdough Fuel, North Pacific Fuel, and Petro Star Lubricants sub-brands.

The company serves a diversified set of Alaska-anchored customers across the U.S. military, commercial aviation, electric utilities (including a dedicated pipeline to Golden Valley Electric and a 2000 co-generation agreement with Copper Valley Electric), the oil and gas industry, the commercial fishing fleet, and residential and business consumers needing home heating fuel and vehicle fuels. Revenue is generated through one-time product sales and transactional fuel distribution fees. The business model is asset-heavy and infrastructure-intensive with high regulatory and logistical barriers to competitive entry in Alaska; pricing is not publicly disclosed. Employees total 251-500 with average tenure of 7+ years and 30% of staff at 12+ years tenure, reflecting a stable operating workforce under ASRC's Iñupiaq ownership framework. No AI, software-as-a-service, or technology-platform revenue streams are indicated in the data.

Strategic posture is defensive and consolidation-oriented: Petro Star has steadily densified its Alaska footprint since 1984 through acquisitions of Sourdough Fuel (1986), Kodiak Oil Sales (1997), Valdez Petroleum Terminal (1994), and the Port of Alaska Terminal (2018), with commissioning milestones including ULSD production (2010), asphalt plant (2016), North Pole splitter for pipeline fuels (2017), Fairbanks Terminal (2019), and rail logistics (2020). The company is explicitly Alaska-only and operates as the state's sole locally owned refining and marketing competitor, with no disclosed plans for geographic expansion beyond Alaska's borders.

Name

Petro Star Inc.

Legal name

Petro Star, Inc.

Website

https://petrostar.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

251–500 employees

Short description

Petro Star is Alaska's only locally owned petroleum refining and marketing company. It operates two refineries with combined 85,000 barrels/day throughput and produces gasoline, diesel, jet fuel, heating oil, marine fuel, and lubricants for Alaska's military, aviation, utilities, oil and gas, fishing, and residential customers.

Ownership category

akta.pro rank

Product category

Petroleum Refining and Marketing

NAICS

Petroleum Refineries (32411), Petroleum Lubricating Oil and Grease Manufacturing (324191), Petroleum and Coal Products Manufacturing (3241)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Conventional Marine Fuel Bunkering (HFO/VLSFO/MGO/ULSFO) (TLAHAKAA)

akta.pro secondary industry

Marine Bunkering & Port Fuel Supply (EUALAIAG)

Keywords

• Petroleum refining services
• Fuel distribution logistics
• Arctic grade diesel
• Aviation fuel supply
• Marine fuel delivery

Headquarters

HQ city

Anchorage

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petroleum Product Sales: Refining and marketing of petroleum products including gasoline, diesel, jet fuel, heating oil, marine fuels, lubricants, and asphalt. Products sold to U.S. military, commercial aviation, electric utilities, oil and gas industry, commercial fishing fleet, businesses, and residential customers.
2. Fuel Distribution Services: Distribution services including truck delivery, marine fuel delivery, and retail gas station operations across Alaska through Sourdough Fuel and North Pacific Fuel brands.

Go-to-market motion1 record

Distribution channels7 records

Marketing channels4 records

Core offering

Petro Star refines and markets petroleum products at two Alaska refineries (North Pole and Valdez), producing gasoline, ultra-low sulfur diesel, jet fuel, heating oil, marine fuel, lubricants, and asphalt binder. Products are distributed across Alaska via terminals, truck delivery, marine delivery, rail rack systems, and retail gas stations under the Sourdough Fuel, North Pacific Fuel, and Petro Star Lubricants sub-brands, serving military, aviation, utilities, oil and gas, commercial fishing, and residential customers.

Product overview

Petro Star Inc. is Alaska's only locally owned petroleum refining and marketing company, operating a portfolio of fuel products and services across the state. The core offerings consist of gasoline, ultra-low sulfur diesel, jet fuel, heating oil, lubricants, asphalt binder, and marine fuel—all produced at the company's two refineries (North Pole at 25,000 BBLS/day and Valdez at 60,000 BBLS/day) and distributed through a network of terminals and distribution facilities in Anchorage, Fairbanks, Valdez, Kodiak, and Dutch Harbor. The company extends its reach through three sub-brands: North Pacific Fuel serves the southern coastal communities; Sourdough Fuel operates in the Interior; and Petro Star Lubricants handles statewide lubricant distribution. With 1.3 million barrel petroleum product storage capacity and 85,000 BBLS daily refinery throughput, the company supports Alaska's largest industries including U.S. military, commercial aviation, electric utilities, oil and gas, and the commercial fishing sector.

Differentiator

Problem solved

Functional benefit

Brands

• North Pacific Fuel: Supports communities along the southern coast, with facilities in Dutch Harbor, Kodiak, and Valdez.
• Sourdough Fuel
• Petro Star Lubricants

Products and services

• Petro Star Gasoline
• Ultra-Low Sulfur Diesel
• Jet Fuel
• Heating Oil
• Lubricants
• Asphalt Binder PG 52-28
• Marine Fuel
• Sourdough Fuel Heating Oil and Truck Delivery Service
• Sourdough Fuel Retail Gas Stations
• Gas-N-Go Retail Gas Stations

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Copper Valley ElectricminorStrategic or Co-development Partner · 1 January 2000Co-generation agreement established in 2000 for energy cooperation between Petro Star and Copper Valley Electric.
• Golden Valley Electric AssociationcoreStrategic or Co-development PartnerPipeline connection from North Pole Refinery supplies turbine fuel directly to Golden Valley Electric's neighboring power plant for power generation. Splitter commissioned in 2017 provides naphtha and turbine fuel via dedicated pipeline.

Scale indicators6 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Flint Hills Resources: Operates a refinery also in North Pole, Alaska, producing gasoline, jet fuel, and ULSD for the Alaska market — Petro Star's principal in-state refining competitor.
• Crowley: Operates marine fuel and bunkering services across Alaska and the Pacific, including Western Alaska; directly comparable in marine fuel delivery in Dutch Harbor/Kodiak.

Broad incumbents

• Marathon Petroleum: One of the largest U.S. refiners with nationwide refining, marketing, and retail operations; comparable business model at far greater scale and the most relevant U.S. refining incumbent.
• Phillips 66: Major integrated U.S. refiner and marketer with refineries, terminals, and branded retail across the Lower 48; comparable downstream/midstream fuel business model, broad geography not Alaska.
• Valero Energy: Largest U.S. independent refiner operating 15+ refineries producing gasoline, ULSD, jet fuel, and asphalt; directly comparable refining and marketing product portfolio.
• PBF Energy: Independent U.S. refiner with multiple East and Midwest refineries producing gasoline, distillates, and ULSD; similar refined product mix and standalone refiner positioning.
• BP America (bp): Integrated oil major with downstream/marketing operations and historical Alaska upstream exposure; comparable in serving Alaska's fuel demand and aviation/military customers.
• ConocoPhillips: Major Alaska upstream operator on the North Slope and integrated downstream exposure; overlap with Petro Star in serving North Slope oil & gas customers and Alaskan industrial demand.

Regional players

• Hilcorp Energy: Privately held operator concentrated in Alaska and the Gulf Coast with growing Alaska asset base; comparably Alaska-focused and serves overlapping industrial customers.
• Delta Western: Alaska-based fuel distributor serving rural and remote communities across the state including marine and aviation; comparable as a regional Alaska fuel marketing competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/petro-star-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petro Star Inc.