PBF Energy is an independent petroleum refiner that turns crude oil into gasoline, diesel, jet fuel, heating oil, asphalt, lubricants and petrochemical feedstocks for US fuel markets. Its refineries in Delaware, New Jersey, Ohio, Louisiana and California are built to process heavy, high-sulfur crude as well as lighter grades. The company buys crude from domestic and foreign producers and moves crude and finished fuels by rail, ship, barge and pipeline through its own logistics assets. It earns money on the gap between crude costs and the prices it gets selling refined products to wholesalers, retailers and other buyers. PBF Energy was founded in 2008 and is headquartered in Parsippany, New Jersey.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Parsippany-Troy Hills, New Jersey
Founded
2008
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