PBF Energy Comments on Toledo Refinery Operations

PBF Energy Comments on Toledo Refinery Operations

PARSIPPANY, N.J.--(BUSINESS WIRE)-- PBF Energy Inc. (NYSE: PBF  ) today reported that its Toledo refinery experienced a drop in steam pressure last night, which was followed by a brief fire beginning at 11:50pm within the Fluid Catalytic Cracking complex (FCC). Emergency response personnel extinguished the fire in approximately 25 minutes and there were no injuries or known offsite impacts. Appropriate government agencies have been contacted and a full investigation into the cause of the incident is underway.

Regarding operations, the FCC was the only unit involved and it has been temporarily shut down. The refinery’s other processing units are currently running at reduced rates or on standby. The company expects that it will take several weeks for the refinery to return to planned operations.

About PBF Energy Inc.

PBF Energy Inc. (NYSE: PBF  ) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally sensitive manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.

Forward-Looking Statements

Statements in this press release relating to future plans, results, performance, expectations, achievements and the like are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which may be beyond the company’s (PBF Energy Inc. and subsidiaries) control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors and uncertainties that may cause actual results to differ include but are not limited to the risks disclosed in the company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date hereof. The company undertakes no obligation to revise or update any forward-looking statements except as may be required by applicable law.



PBF Energy Inc.
Colin Murray (investors)
ir@pbfenergy.com
Tel: 973-455-7578
or
Michael C. Karlovich (media)
mediarelations@pbfenergy.com
Tel: 973-455-8994

KEYWORDS:   United States  North America  Canada  New Jersey  Ohio

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2229123, ~/Articles/ArticleHandler.aspx, 8/27/2014 11:15:58 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!