PBF Energy
PBF Energy (NYSE: PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oils, lubricants. petrochemical feedstocks, and other petroleum products founded in 2008 with headquarters in Parsippany, New Jersey. The company's four refineries include one in Chalmette, Louisiana, Toledo, Ohio, one at the Port of Paulsboro in Gibbstown, New Jersey, and the Delaware City Refinery in Delaware City. It produces a range of products including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. [1][2][3]
PBF was formed in 2008 as a joint venture by Petroplus Holdings and the private equity companies Blackstone Group and First Reserve, each committing $667 million in equity.[4] In September 2010 Petroplus announced plans to sell its 32.62 percent stake to its partners for $91 million as PBF acquired the Paulsboro refinery from Valero Energy.[5][6] PBF then acquired the Toledo refinery from Sunoco in December 2010 for approximately $400 million.[7] PBF went public in December 2012 with a $533 million initial public offering.[8] In 2015 they acquired the Chalmette, Louisiana refinery.[9]
References
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- ↑ http://www.forbes.com/companies/pbf-energy/
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- ↑ http://www.nj.com/business/index.ssf/2015/06/nj_energy_company_to_buy_oil_refinery_for_322m.html
External links
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