Shell Martinez Refinery
As shell turns over ownership of the martinez refinery to pbf the company offers many thanks to the city and community of martinez calif for all they have done to support and partner with.
Shell martinez refinery. Pbf energy which is based in new jersey also owns a refinery. Federal regulators are raising antitrust concerns about a large independent refining company s plans to buy shell oil s martinez refinery. The refinery is a high conversion 157 000 barrel. Martinez the shell oil refinery that has been here since 1915 is changing hands after its parent company agreed to a 1 billion sale to pbf holding company the companies announced tuesday.
In a rare move the federal trade commission has asked new jersey based pbf energy a series of extra questions about the proposed 1 billion deal delaying the purchase of one of the bay area s largest refineries. Shell oil plans to sell its refinery in martinez to pbf energy for between 900 million and 1 billion the companies have announced. Equilon enterprises llc d b a shell oil products us shell a subsidiary of royal dutch shell plc announced it has reached an agreement for the sale of shell s martinez refinery in california to pbf holding company llc a subsidiary of pbf energy inc for 1 0 billion consideration plus the value of hydrocarbon inventory crude oil supply and product offtake agreements and other adjustments. Shell oil has agreed to sell its martinez refinery to pbf energy a large independent refining company for up to 1 billion the two companies announced tuesday.
The chief executive for new jersey based pbf called the contra costa county facility which has refining capacity of 160 000 barrels a day the best refinery in the bay area. Shell agrees to sale of martinez refinery pr newswire houston june 11 2019 houston june 11 2019 prnewswire equilon enterprises llc d b a shell oil products us shell a subsidiary of. The 157 000 barrel per day dual coking martinez refinery is located on an 860 acre site in the city of martinez 30 miles northeast of san francisco california.