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

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)