PBF unit completes Toledo refinery purchase

By OGJ editors
HOUSTON, Mar. 1
-- Toledo Refining Co. LLC, a wholly owned subsidiary of PBF Holding Co. LLC., has completed its purchase of a 170,000-b/d refinery in Toledo, Ohio, from Sunoco Inc. (OGJ, Dec. 13, 2010, Newsletter).

The purchase price was $400 million, half in cash and half in a 2-year note. The deal also included a participation payment of up to $125 million, based on profitability of the refinery, and sale of inventories.

The high-conversion refinery processes mainly light, sweet crudes from Midcontinent states and Canada.

Related Articles

EPA leads investigation of crude discharge at BP Whiting refinery

03/26/2014 The US Environmental Protection Agency took formal charge of investigation and cleanup efforts after an undetermined amount of crude oil spilled in...

TonenGeneral slashes crude capacity at Chiba refinery

03/26/2014 TonenGeneral Sekiyu KK said it plans to cut crude oil processing capacity at its 175,000-b/d Chiba refinery Keiyo, Japan, to comply with a 2010 ord...

Neste Oil advances power plant revamp at Porvoo refinery

03/26/2014 The environmental impact assessment report on a project to modernize the power plant at Neste Oil’s 205,000-b/d Porvoo, Finland, refinery has been ...

Yanchang Petro lets contract for Chinese processing plants

03/26/2014 Shaanxi Yanchang Petroleum (Group) Co. Ltd. (Yanchang Petro) has let a contract to Yokogawa China Co. Ltd., a subsidiary of Yokogawa Electric Corp....

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