Parsippany-based PBF Energy announced Monday that its subsidiary has acquired Chalmette Refining LLC for $322 million.
The company consists of the 189,000 barrels per day Chalmette Refinery and related logistics assets, from ExxonMobil and PDV Chalmette LLC.
The acquisition will allow PBF Energy to increase its total throughput capacity to more than 725,000 barrels per day.
“The acquisition of the Chalmette Refinery, and its associated logistics assets, represents a significant step in the strategic growth of PBF Energy and PBF Logistics. Coupled with the previously announced Torrance acquisition, we will have increased our refining capacity by over 60 percent and added meaningful Gulf and West Coast assets to our refining system,” said Tom Nimbley, PBF Energy’s Chief Executive Officer. “We are committed to the continued safe and environmentally responsible operations of the facility and welcome Chalmette’s well-trained and professional workforce to the PBF family.”
The Chalmette Refinery is located outside of New Orleans.