Profile: PBF Energy Inc (PBF)
18 Jun 2019
PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics. It sells its products throughout the Northeast, Midwest, Gulf Coast and West Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations. As of December 31, 2016, it owned and operated five domestic oil refineries and related assets. As of December 31, 2016, its refineries had a combined processing capacity, known as throughput, of approximately 900,000 barrels per day (bpd) and a weighted-average Nelson Complexity Index of approximately 12.2.
As of December 31, 2016, the Company owned and operated five refineries providing geographic and market diversity. The Company produces a range of products at each of its refineries, including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. Its four refineries are located in Toledo, Ohio; Delaware City, Delaware; Paulsboro, New Jersey, and New Orleans, Louisiana. Its Torrance refinery is positioned in Southern California with logistics connectivity that offers raw material sourcing and product distribution opportunities primarily in the California, Las Vegas and Phoenix area markets.
PBF Logistics LP (PBFX) is a fee-based, publicly traded Delaware master limited partnership formed by PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBFX engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates from sources located throughout the United States and Canada for PBF Energy in support of its refineries. As of December 31, 2016, PBFX's assets consisted of a 130,000 bpd light crude oil rail unloading terminal, which serves PBF Energy's Delaware City and Paulsboro refineries; a 40,000 bpd heavy crude oil unloading rack, which serves PBF Energy's Delaware City refinery; a truck terminal consisting of six lease automatic custody transfer (LACT) units, with unloading capacity of 22,500 bpd, and the Delaware City Products Pipeline consisting of a 23.4 mile, 16-inch interstate petroleum products pipeline with an excess of 125,000 bpd of capacity, among others.
PBF Energy Inc
1 SYLVAN WAY
PARSIPPANY NJ 7054
Company Web Links
- PBF Energy to buy Shell's Martinez, California oil refinery for up to $1 billion
- UPDATE 2-PBF Energy to buy Shell's Martinez, California oil refinery for up to $1 bln
- PBF to buy Shell's Martinez refinery for up to $1 bln
- EPA has received DOE input for 2018 small refinery waivers: sources
- UPDATE 3-EPA has received DOE input for 2018 small refinery waivers -sources