PBF's Delaware City refinery restart coming up

HOUSTON, April 29 Fri Apr 29, 2011 5:14pm EDT

HOUSTON, April 29 (Reuters) - Private independent U.S. refinery PBF Energy Partners LP's 182,000 barrel-per-day (bpd) Delaware City, Delaware refinery could restart in the coming weeks after a lengthy shutdown and overhaul, the company president said on Friday.

PBF Chairman Tom O'Malley told reporters at the annual National Petrochemical and Refiners Association meeting last month that the refinery was scheduled to restart as soon as Sunday or sometime in the first week of May.

On Friday PBF President Michael Gayda declined to confirm a restart date. He told Reuters it would be a process "that can take weeks."

Last year PBF bought the refinery from Valero Energy Corp (VLO.N) for $220 million. Valero had shut it in November 2009 because it was was losing $1 million a day as demand for gasoline collapsed in the recession.

PBF had aimed to restart the plant this spring after finishing a nine-month overhaul that cost $125 million to $150 million.

PBF last year also bought Valero's 160,000 bpd refinery in Paulsboro, New Jersey for $707 million, and last month closed on its $400 million purchase of Sunoco Inc's (SUN.N) 160,000 bpd Toledo, Ohio refinery. (Reporting by Erwin Seba; Writing by Kristen Hays; Editing by Alden Bentley)

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