PBF unit to buy Toledo refinery from Sunoco

By OGJ editors
-- Toledo Refining Co. LLC, a wholly owned subsidiary of PBF Holding Co. LLC, has agreed to buy Sunoco Inc.’s 170,000-b/d refinery in Toledo, Ohio, for about $400 million.

PBF Holding earlier bought two refineries—in Delaware City, Del., and Paulsboro, NJ—from Valero Energy Corp. (OGJ, Oct. 4, 2010, Newsletter).

Sunoco has been trimming operations, last year shutting its 150,000-b/d refinery at Eagle Point, NJ, and selling an 85,000-b/d refinery in Tulsa to a unit of Holly Corp.

It retains refineries in Philadelphia (330,000 b/d) and Marcus Hook (175,000 b/d), Pa. It also has shed polypropylene manufacturing assets.

The Toledo refinery has 60,000 of fluid catalytic cracking, 45,600 b/d of semiregenerative catalytic reforming, and 28,200 of catalytic hydrocracking (for diesel upgrading) capacity.

The transaction will involve about $200 million in cash and a $200 million, 2-year note.

Related Articles

Phillips 66 considers splitter at Sweeny refinery

03/21/2014 Phillips 66 is evaluating the potential for the addition of a condensate splitter near its 247,000-b/d Sweeny refinery in Old Ocean, Tex., just sou...

Second small diesel refinery planned for North Dakota

03/21/2014 Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North D...

WoodMac: Global ethylene demand, production on the rise

03/20/2014 Ethylene-producing assets that have access to low-cost natural gas feedstocks, such as the ones in North America, will lead the competition in glob...

Chevron’s Richmond refinery project advances

03/19/2014 The city of Richmond, Calif., has released a long-awaited draft environmental impact report (EIR) for Chevron Corp.’s $1 billion modernization proj...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected