By Adriano Marchese
PBF Energy said Thursday that it intends to begin repairs at a California refinery to restart production after a fire broke out and damaged the facility last month.
Based on assessments the petroleum refining and logistics company has made to date, PBF said that it will proceed with the repairs at its refinery in Martinez that are required to restart production.
The refinery, which processes about 157,000 barrels of oil a day, has been shut down since the start of February after a leak of hydrocarbon material caught fire during maintenance preparations, injuring six workers.
Certain units, including the crude unit, are expected to restart operations early in the second quarter, while the remaining units should be operational by the fourth quarter.
PBF expects total throughput to be in the range of 85,000 to 105,000 barrels per day in the first stage, and the refinery is expected to be able to produce limited quantities of gasoline, jet fuel, and intermediates, it said.
The Parsippany, N.J., company cautioned that the timeline may vary, depending on repair times and other factors, and that the cost of repairs will largely be covered by insurance, subject to the company's deductible and retentions totaling $30 million.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 06, 2025 07:02 ET (12:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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