PARSIPPANY, N.J., July 21, 2021 /PRNewswire/ -- PBF Energy
Inc. (NYSE:PBF) today commented on the Bay Area Air Quality
Management District (BAAQMD) Board members' decision to adopt
Proposed Amended Rule (PAR) 6-5 related to particulate emissions
from refinery Fluid Catalytic Cracking (FCC) units in the Bay
Area.
Paul Davis, President of PBF
Energy's Western Region, stated, "We have been working closely
throughout the rule-making process with BAAQMD staff and
anticipated today's outcome. Importantly, the rule-making requires
refineries to meet a specific emissions standard by 2026, without
requiring the installation of a wet gas scrubber or any other
specific technology."
Mr. Davis concluded, "PBF has previously planned projects that
will be implemented over the coming months that will allow our
Martinez refinery to achieve emissions reductions significantly
closer to the desired level in the first quarter of 2022. We will
continue to work with the BAAQMD to arrive at our mutually desired
goal of improving air quality and continuing to provide our vital
products to one of the largest fuel markets in the world."
Forward-Looking Statements
Statements in this press
release relating to future plans, results, performance,
expectations, achievements and the like are considered
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors, many of which may be beyond the company's control, that
may cause actual results to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Factors and uncertainties that may
cause actual results to differ include but are not limited to the
risks disclosed in the company's filings with the SEC, as well as
the risks disclosed in PBF Logistics LP's SEC filings and any
impact PBF Logistics LP may have on the company's credit rating,
cost of funds, employees, customer and vendors; risk relating to
the securities markets generally; risks associated with the East
Coast refining reconfiguration and the acquisition of the Martinez
refinery, and related logistics assets; our ability to make, and
realize the benefits from, acquisitions or investments, including
in renewable diesel productions; the effect of the COVID-19
pandemic and related governmental and consumer responses; our
expectations regarding capital spending and the impact of market
conditions on demand for the balance of 2021; and the impact of
adverse market conditions affecting the company, unanticipated
developments, regulatory approvals, changes in laws and other
events that negatively impact the company. All forward-looking
statements speak only as of the date hereof. The company undertakes
no obligation to revise or update any forward-looking statements
except as may be required by applicable law.
About PBF Energy Inc.
PBF Energy Inc. (NYSE:PBF) is
one of the largest independent refiners in North America, operating, through its
subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New
Jersey and Ohio. Our
mission is to operate our facilities in a safe, reliable and
environmentally responsible manner, provide employees with a safe
and rewarding workplace, become a positive influence in the
communities where we do business, and provide superior returns to
our investors.
PBF Energy Inc. also currently indirectly owns the general
partner and approximately 48% of the limited partnership interest
of PBF Logistics LP (NYSE: PBFX).
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SOURCE PBF Energy Inc.