Friday, September 25, 2015

PBF Logistics, LP: A Midstream Energy Company

PBF Logistics, LP is a company created by PBF Energy, Inc. and PBF Logistics GP LLC. The company is a growth-oriented master limited partnership that operates as a midstream energy company. The business is headquartered in Parsippany, New Jersey.

As one of the trusted and most reliable midstream companies, PBF Logistiics, LP operates storage facilities, pipelines, terminals and similar logistics assets. The business engages in the transferring and handling of crude oil and other similar products. It continues to service clients across the United States and in Canada. The operations of the company are divided into two reporting segments, namely storage and terminaling. It maintains 3 refineries that are located in Phio, Delaware and in New Jersey.

PBF Logistics processes various kinds of crude oil. Its storage facilities are capable of holding about 3.9 million barrels of products. The business trades publicly on the New York Stock Exchange (PBFX).

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