PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics GP LLC serves as the company’s general partner.
The company’s business includes the assets, liabilities and results of operations of certain crude oil, refined products, natural gas and intermediates terminaling, pipeline, storage and processing assets, including those previously operated and owned by subsidiaries of...
PBF Logistics LP owns or leases, operates, develops and acquires crude oil and refined products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics GP LLC serves as the company’s general partner.
The company’s business includes the assets, liabilities and results of operations of certain crude oil, refined products, natural gas and intermediates terminaling, pipeline, storage and processing assets, including those previously operated and owned by subsidiaries of PBF Holding Company LLC (PBF Holding) and PBF Holding’s previously held subsidiaries.
Segments
The company operates through two segments, Transportation and Terminaling; and Storage.
Transportation and Terminaling
This segment consists of product terminals, pipelines, crude unloading facilities and other facilities capable of transporting and handling crude oil, refined products and natural gas.
Storage
This segment consists of storage and other facilities capable of processing crude oil and handling crude oil, refined products, and intermediates.
Safety and Maintenance
The U.S. Department of Transportation (DOT) has adopted safety regulations with respect to the design, construction, operation, maintenance, inspection and management of pipeline assets, which affect the company’s pipelines. The company is in compliance with all of the DOT’s Pipeline and Hazardous Materials Safety Administration regulations on pipeline safety.
Environmental Regulation
The company is in substantial compliance with the Endangered Species Act.
The company is subject to the requirements of the Occupational Safety and Health Administration (OSHA) and comparable state statutes that regulate the protection of the health and safety of workers.
Seasonality
The crude oil, refined products and natural gas that are throughput, stored and processed at the company’s facilities are affected by the level of supply and demand for crude oil, refined products and natural gas in the markets served directly or indirectly by its assets.
Customers
PBF Energy Inc. and its subsidiaries are the company’s largest customer and accounted for a substantial majority of its revenue for the year ended December 31, 2021.
History
PBF Logistics LP was founded in 2012. The company, a Delaware master limited partnership, was incorporated in 2013.