PBF Energy Hikes Investments in Renewable Diesel as Traditional Gasoline Demand Revives

PBF Energy Hikes Investments in Renewable Diesel as Traditional Gasoline Demand Revives

PBF Energy Hikes Investments in Renewable Diesel as Traditional Gasoline Demand Revives


Attachment: PBF 4Q21

SUGAR LAND--February 11, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--PBF Energy Incorporated (NYSE:PBF) (Parsippany, New Jersey) is keeping its eyes on renewable diesel as a ticket to a prosperous future in the refining industry. North American refineries have lost more than 1 million barrels of production since early 2020, due to plant closures amid the COVID-19 pandemic. But now that lockdowns are largely a thing of the past, PBF is struggling to meet a sharp revival in demand for gasoline products, while converting much of its existing capacity to renewable diesel production. Industrial Info is tracking more than $1 billion worth of active projects from PBF, nearly half of which is attributed to proposed unit conversions to renewable diesel.

Within this article: Details on some of PBF's highest-valued projects, including unit conversions at its Chalmette, Martinez and Paulsboro refineries.

Other companies featured: Honeywell International (NYSE:HON)

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