May 19 (Bloomberg) -- PBF Energy Company LLC, which was formed in 2008 to acquire refineries in the U.S., plans to start units at its Delaware City, Delaware, plant, according to two people with knowledge of the operations.
The refinery, shut since November 2009, is expected to start units today, said the people, who declined to be identified because the information isn’t public. A fluid catalytic cracker, which makes gasoline, will start receiving crude to enable its restart on May 22, and a hydrogen unit feed is set to begin today, said one of the people.
PBF is standing by its expectation to start the plant in the second quarter, Michael Gayda, Parsippany, New Jersey-based president of PBF Energy, said in a telephone message yesterday.
PBF Energy, backed by private-equity firms Blackstone Group LP and First Reserve Corp., bought the Delaware City plant from Valero Energy Corp. for $220 million in June.
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