In Louisiana, Eni Sustainable Mobility and PBF Energy Inc. announced they have entered into definitive agreements to partner in a 50-50 joint venture, St. Bernard Renewables LLC (SBR), for the biorefinery currently under construction co-located with PBF’s Chalmette Refinery in Louisiana (US). Upon consummation of the transaction, which is subject to customary closing conditions, including […]
In Illinois, PBF Energy Inc., an independent petroleum refiner and supplier of transportation fuels, will use Honeywell Ecofining technology for a potential renewable diesel project at its Chalmette Refinery in Louisiana. PBF is currently evaluating the conversion of an idle hydrocracking unit at the plant to a single-stage Ecofining unit that if built would produce […]
In New York, Reuters reports that U.S. merchant refiners have amassed up to a $1.6 billion shortfall in credits they need to comply with U.S. biofuel laws, according to a Reuters review of corporate disclosures, an apparent bet that the Biden administration could let them off the hook or that credit prices will fall. Some […]
In Louisiana, Platts reports PBF Energy is looking to transition its Chalmette oil refinery to produce renewable diesel, in line with industry trends that have seen several major oil refiners make the switch. The high cost of complying with the Renewable Fuel Standard is seen as the driver for the potential investment, producing as much […]
In California, PBF Energy Inc. announced that its subsidiary completed the acquisition of Martinez refinery, and related logistics assets, from Equilon Enterprises LLC d/b/a Shell Oil Products US. With the acquisition, PBF’s increased its total throughput capacity to more than one million barrels per day and becomes the most complex independent refiner with a consolidated […]
In Delaware, PBF Energy is seeking permission to expand its ethanol handling capacity five-fold to 420,000 gallons from its current 84,000 gallons. Ethanol is barged to the facility where it is blended with gasoline and barged out again to neighboring states. Boosting the facility’s throughput would allow ethanol to also come in by train and […]
In New Jersey, PBF Energy plans to boost its RIN purchases this year to $160 million from $60 million last year because the company is about 400 million RINs short of its E10 requirement. Though the company complains that RINs are a hidden tax, the company plans to boost blending 75% of its gasoline with […]
