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PBF Logistics announces acquisition of Toledo terminal from Sunoco Logistics

April 19/2017

MOSCOW (MRC) -- PBF Logistics LP announced that its wholly owned subsidiary has acquired the Toledo, Ohio, refined products terminal assets of Sunoco Logistics LP for USD10 MM, said Hydrocarbonprocessing.

The Toledo Terminal is directly connected to and currently supplied by PBF Energy Inc.'s Toledo refinery. "We are pleased with our acquisition of the Toledo Terminal which is PBFX's second third-party acquisition and third transaction completed this year, said Tom Nimbley, PBF Logistics GP LLC Chief Executive Officer. The combined transactions represent a USD15 million increase to the Partnership's forecasted annualized EBITDA. We welcome the employees of the terminal to the PBFX family and look forward to maximizing the potential of our newest asset."

Located adjacent to PBF Energy's Toledo refinery, the Toledo Terminal is comprised of a 10-bay truck rack and over 110,000 bbl of chemicals, clean product and additive storage capacity.

As MRC informed earlier, Fluor was awarded a construction management contract by Sunoco Logistics for the Mariner East 2 project at its Marcus Hook Industrial Complex on the Delaware River in Pennsylvania.
Author:Anna Larionova
Tags:petroleum products, Crude oil, Sunoco.
Category:General News
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