PBF Puts Rail Project Ahead Of $1B Refinery Expansion

Law360, New York (July 23, 2012, 6:46 PM EDT) -- With insufficient pipeline capacity choking off oil shipments from Midwestern producers, private equity-backed PBF Energy Inc. has decided to mothball a planned $1 billion expansion of its Delaware refinery in favor of a $60 million rail project to keep crude flowing eastward, the Delaware governor's office said Monday.

New Jersey-based PBF informed Dover last week that it would postpone the construction of a mild hydrocracker and hydrogen plant at its Delaware City complex and redirect its capital to a new rail infrastructure initiative, Brian Selander, a...
To view the full article, register now.