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AFTER 105 YEARS, MARTINEZ REFINERY NO LONGER SHELL'S.
After 105 Years, Martinez Refinery No Longer 'Shell'
A New Jersey-based energy company will now operate the Martinez Refinery after a $1 billion purchase from Shell.
By Bay City News, News Partner
Feb 2, 2020 11:23 am PT
The Martinez refinery employs approximately 700 people. It produces gasoline, jet fuel, diesel fuel, petroleum coke, industrial fuel oils, liquefied petroleum gas, asphalt and sulfur. It also has a "coker" unit for processing heavy crude.
MARTINEZ, CA — After 105 years of Shell ownership, the Martinez Refining Co., LLC is, as of Saturday, the new owner of the refinery on the Carquinez Strait just west of Interstate Highway 680.
PBF Energy Inc., headquartered in New Jersey, will now operate the facility under the name Martinez Refining Co. LLC, and the $1 billion acquisition became official Saturday. The deal was struck in mid-2019.
The Martinez refinery employs approximately 700 people. It produces gasoline, jet fuel, diesel fuel, petroleum coke, industrial fuel oils, liquefied petroleum gas, asphalt and sulfur. It also has a "coker" unit for processing heavy crude.
Shell Oil Products, was discussing a sale of its Martinez property - its only California refinery - since at least 2016. Published reports that year said an expected long-term rise in crude oil prices and the relatively high costs of doing business in California, including adherence to state environmental regulations, were factors in Shell's decision to sell.
PBF Energy also operates a refinery in Torrance, in southern California, as well as in New Jersey, Delaware, Ohio and Louisiana.
Despite a handful of environmental incidents over the years - a spill of more than 400,000 gallons of crude oil into Carquinez Strait in 1988 the most notable - Shell has enjoyed a reputation of being a good corporate citizen in Martinez. Not all Bay Area refineries have had such a positive community connection.
"Our new owner has pledged to continue our strong commitment to you, our refinery, and our community," refinery spokeswoman Ann Notarangelo said in a statement.
Looking to control the internet, one video at a time.
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Re: AFTER 105 YEARS, MARTINEZ REFINERY NO LONGER SHELL'S.
A video produced in 2015 by the staff of the Shell Refinery in Martinez, CA, this is a retrospective view of their 100th anniversary of operation at this site, Shell's oldest in the United States.
Looking to control the internet, one video at a time.
In a nice way, of course.
" Never let the enemy pick the battle site. - George S. Patton, Jr. "
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Re: AFTER 105 YEARS, MARTINEZ REFINERY NO LONGER SHELL'S.
Looking to control the internet, one video at a time.
In a nice way, of course.
" Never let the enemy pick the battle site. - George S. Patton, Jr. "
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Thread StarterNever let them deflate your balls.
Why not stop peeking and JOIN and contribute ? Both I and just69_98 KNOW you're out there.