PBF Energy Inc. has completed and received the $530 million consideration for the sale of five steam methane reformer hydrogen production plants to Air Products. PBF Energy has entered into long-term supply agreements with Air Products at the Martinez and Torrance, California, and Delaware City refineries.
“PBF Energy is pleased to have worked cooperatively with Air Products, a global leader in the supply of hydrogen to refineries, to complete this transaction and expand the long-term relationship between our two companies,” said PBF’s Chairman and CEO Tom Nimbley.
For more information, visit www.pbfenergy.com or www.airproducts.com.