Valero announces sale of Paulsboro, NJ, refinery

Valero Energy Corp. has signed an agreement to sell its 185,000-b/d refinery at Paulsboro, NJ, to PBF Holding Co. LLC, a wholly owned subsidiary of PBF Energy Co. LLC, for $360 million plus the value of net working capital and inventories, currently estimated to be $275 million.

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