PBF to restart Delaware refinery in 2011

By OGJ editors
HOUSTON, June 2 – PBF Energy Co. LLC plans to restart the 190,000-b/d refinery at Delaware City, Del., formerly owned by Valero Energy Corp. in the first half of next year after performing “major maintenance work” (OGJ, Apr. 19, 2010, Newsletter).

PBF subsidiaries Delaware City Refining Co. LLC and Delaware Pipeline Co. LLC have completed their purchase of the refinery and associated pipeline and terminal for $220 million. Valero shut the facility in 2009, maintaining only terminal operations, which PBF said would continue.

PBF is an investment vehicle of Petroplus Holdings AG, Zug, Switzerland.

Valero said it continues to explore “strategic options” for its 166,000-b/d refinery at Paulsboro, NJ, and 235,000-b/d refinery in Aruba.

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