Refining Energy Policies with PBF's Brendan Williams
In this episode of The Back in Session Podcast, hosts Ryan Stevens and Ryan DeMara are joined by Brendan Williams from PBF Energy. They delve into the state of energy policy, the refining sector, and the challenges posed by electric vehicle mandates and renewable energy transitions. Brendan offers insights into his career, the pivotal role of refiners, and how energy policies impact consumers. About PBF Energy: They are one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. They sell their products throughout the Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico, and are able to ship products to other international destinations. They own and operate six domestic oil refineries and related assets. Their refineries have a combined processing capacity, known as throughput, of approximately 1,000,000 barrels per day (“bpd”), and a weighted-average Nelson Complexity Index of 12.7 based on current operating conditions. The complexity and throughput capacity of their refineries are subject to change depending on configuration changes made to respond to market conditions, as well as investments aimed at improving their facilities and maintaining compliance with environmental and governmental regulations. They operate in two reportable business segments: Refining and Logistics. Their six oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, representing the Refining segment. PBFX operates certain logistical assets, such as crude oil and refined products terminals, pipelines, and storage facilities, which represent the Logistics segment. Their six refineries are located in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; Torrance, California; and Martinez, California.
