PBF Energy to Idle Paulsboro Refining Units, Looks for More Cost Reductions

SUGAR LAND--October 30, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Executives with PBF Energy Incorporated (NYSE: PBF) (Parsippany, New Jersey) discussed their decision on Wednesday to idle several units at the Paulsboro Refinery in New Jersey in response to low fuel demand. That talk led to what future Petroleum Refining shutdowns may be necessary in North America for the industry to balance supply and demand in a COVID-driven market.

Within this article: PBF's reconfiguration of its East Coast refining system.