PBF Logistics LP agreed to buy a 4.0 MMbbl storage complex in New Jersey from Crown Point International, formerly known as Axeon Specialty Products. The idle assets on the Delaware River should provide synergies with the partnership’s sponsor, PBF Energy, which operates the nearby 180,000 bbl/d Paulsboro refinery. In addition to the 4.0 MMbbl of multi-use storage, the complex includes an Aframax-capable marine facility, a rail facility and a truck terminal. PBF Logistics EVP Matt Lucey said the......
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