PBF Energy Comments on Toledo Refinery Operations

  PBF Energy Comments on Toledo Refinery Operations

Business Wire

PARSIPPANY, N.J. -- January 31, 2013

PBF Energy Inc. (NYSE: PBF) today reported that its Toledo refinery
experienced a drop in steam pressure last night, which was followed by a brief
fire beginning at 11:50pm within the Fluid Catalytic Cracking complex (FCC).
Emergency response personnel extinguished the fire in approximately 25 minutes
and there were no injuries or known offsite impacts. Appropriate government
agencies have been contacted and a full investigation into the cause of the
incident is underway.

Regarding operations, the FCC was the only unit involved and it has been
temporarily shut down. The refinery’s other processing units are currently
running at reduced rates or on standby. The company expects that it will take
several weeks for the refinery to return to planned operations.

About PBF Energy Inc.

PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North
America, operating, through its subsidiaries, oil refineries and related
facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio.
Our mission is to operate our facilities in a safe, reliable and
environmentally sensitive manner, provide employees with a safe and rewarding
workplace, become a positive influence in the communities where we do
business, and provide superior returns to our investors.

Forward-Looking Statements

Statements in this press release relating to future plans, results,
performance, expectations, achievements and the like are considered
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve known
and unknown risks, uncertainties and other factors, many of which may be
beyond the company’s (PBF Energy Inc. and subsidiaries) control, that may
cause actual results to differ materially from any future results, performance
or achievements expressed or implied by the forward-looking statements.
Factors and uncertainties that may cause actual results to differ include but
are not limited to the risks disclosed in the company’s filings with the U.S.
Securities and Exchange Commission. All forward-looking statements speak only
as of the date hereof. The company undertakes no obligation to revise or
update any forward-looking statements except as may be required by applicable


PBF Energy Inc.
Colin Murray (investors)
Tel: 973-455-7578
Michael C. Karlovich (media)
Tel: 973-455-8994
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