Tag: Shell Oil

Refinery transaction complete, ‘Martinez Refinery Company’ born

Refinery transaction complete, ‘Martinez Refinery Company’ born

| February 1, 2020 | 0 Comments

PBF Energy Inc. announced today that it completed the acquisition of the Martinez refinery, and related logistics assets, from Shell Oil Products US. The purchase price for the assets was $960.0 million plus the value of hydrocarbon inventory. The company will operate as ‘Martinez Refining Company’. “We welcome Martinez’s professional workforce to the PBF family,” said PBF’s […]

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