PBF Energy (NYSE:PBF) announced it has completed the construction of a second crude oil unloading rail facility in the Delaware City, Del., refinery operated by a company subsidiary. According to PBF Energy, the project came in on schedule and within budget.
The facility has a capacity of 70,000 barrels per day of oil. All told, the two rail facilities now operational at the refinery can handle up to 110,000 bpd.
The company quoted CEO Tom Nimbley as saying: "The completion of this premier rail facility puts our East Coast refining system at a competitive advantage compared to its Atlantic Basin peers. PBF is now able to deliver significant quantities of cost-advantaged North American crude oils directly to Delaware City at very competitive pricing."