Shell finalises sale of Martinez Refinery
Published by Jessica Casey,
Editor
Hydrocarbon Engineering,
Shell has formally closed on the sale of its Martinez Refinery in California to PBF Holding Co. LLC, a subsidiary of PBF Energy Inc. (PBF).
Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc, has recently announced that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF in exchange for US$1.2 billion. The deal includes the refinery and inventory, as well as crude oil supply and product offtake agreements, among other adjustments.
Read the article online at: https://www.hydrocarbonengineering.com/refining/03022020/shell-finalises-sale-of-martinez-refinery/
You might also like
McKinsey’s redesigned Global Energy Perspective reveals rising demand and emerging hurdles affecting the pace of the energy transition
Renewables projected to grow up to 80%; hydrogen demand revised down by up to 25%, fossil fuels set to ‘plateau’ rather than peak.