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Integrated Rail & Resources Executes a 7-Year Supply and Offtake Agreement with Shell for Crude Oil Processing Facility
GlobeNewswire News Room· 2025-05-09 20:00
Company Overview - Integrated Rail & Resources Acquisition Corp. (IRRX) has entered into a 7-year supply and offtake agreement with Shell Trading (US) Company (Shell) for crude oil feedstock supply and refined product purchases [1][2] - The facility to be acquired by IRRX will initially process 15,000 barrels of crude oil per day, with potential expansion to 50,000 barrels per day [2] Operational Details - The facility will produce LPG, Naphtha, Diesel, and Gas Oil, with operations expected to commence by December 31, 2026, following necessary refurbishment [2] - Shell Trading (US) Company will have the option to utilize the additional processing capacity once the facility is expanded [2] Strategic Importance - The agreement is seen as a significant step for IRRX in refining and marketing high-demand products, supporting the Uinta Basin's development [3] - The CEO of IRRX expressed confidence in the agreement, highlighting the benefits for all parties involved and the capabilities of the team to refurbish and restart the refinery [3] Background Information - Tar Sands Holding II, LLC (TSHII), established by Endeavor Capital Group, controls key real estate and natural resource development rights in the Uinta Basin, including permits for processing and refining [4] - IRRX is a blank check company focused on mergers and acquisitions in natural resources, railroads, and related logistics [5]
摩根士丹利:石油市场供应充足-如何应对?
摩根· 2025-05-06 07:05
May 5, 2025 02:07 AM GMT Exhibit 1: Asian refiners have either consistently outperformed or performed in- line with regional benchmarks since 2015 0.0 2.8 5.6 8.4 11.2 14.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (US$/bbl) Singapore Complex Benchmark GRM Asia Refiners Average Source: Company data, Morgan Stanley Research Morgan Stanley Asia (Singapore) Pte.+ Mayank Maheshwari Equity Analyst Mayank.Maheshwari@morganstanley.com +65 6834-6719 Morgan Stanley Australia Limited+ ...
PBF Energy to Release First Quarter 2025 Earnings Results
Prnewswire· 2025-04-01 21:00
PARSIPPANY, N.J., April 1, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the first quarter 2025 on Thursday, May 1, 2025. The company will host a conference call and webcast regarding results and other business matters on Thursday, May 1, 2025, at 8:30 a.m. ET. 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 California, Delawar ...
PBF Energy Announces Intention to Offer $750 Million of Senior Notes due 2030
Prnewswire· 2025-03-12 13:02
Core Viewpoint - PBF Energy Inc. plans to offer $750 million in senior notes due 2030 to repay outstanding borrowings and for general corporate purposes [1] Group 1: Offering Details - The senior notes will be offered in a private placement and are expected to be resold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [2] - The offering will be made only by means of a private offering memorandum and has not been registered under the Securities Act or any applicable state securities laws [2][3] Group 2: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities in multiple states including California, Delaware, Louisiana, New Jersey, and Ohio [5] - The company aims to operate its facilities safely and responsibly, provide a rewarding workplace for employees, positively influence local communities, and deliver superior returns to investors [5] Group 3: Joint Ventures - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [6]
Sky Quarry Predicts Fuel Shortage in Nevada as California Refinery Shutdowns Spark Supply Concerns
Globenewswire· 2025-03-12 11:00
Company Prepares to Ramp Up Production to Help Keep Nevada FueledWOODS CROSS, Utah, March 12, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, is forecasting a potential fuel shortage in Nevada. Sky Quarry reached this conclusion after conducting research prompted by the surge of inquiries to secure long term fuel supply from Nevada market participants. Sk ...