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Mergers & Acquisitions Deal Analysis - Valero Energy To Sell Refinery, Terminal, Pipeline And Power Plant Complex To PBF Energy Partners
GlobalData, May 2010, Pages: 15
Mergers & Acquisitions Deal Analysis - Valero Energy To Sell Refinery, Terminal, Pipeline And Power Plant Complex To PBF Energy Partners
Summary
Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned units of PBF Energy Partners LP (PBF Energy), entered into an agreement to acquire the Delaware City refinery, terminal and pipeline assets plus the 218 MW power plant complex, from Valero Energy Corporation (Valero Energy), a provider of refining and retailing of petroleum products, for a purchase consideration of $220 million. The purchase consideration consists of $170 million for the idled refinery and related assets and an additional $50 million for the power plant complex. The Delaware city refinery is a heavy crude oil refinery with a Nelson complexity rating of 11.3 located on a 5,000 acre site on the shore of the Delaware River. Major process units include a fluid coking unit, a fluid catalytic cracking unit, a hydrocracking unit with a hydrogen plant, a continuous catalytic reformer, an alkylation unit, and several hydrotreating units. The refinery's production is sold in the U.S. Northeast via pipeline, barge, and truck distribution. The transaction is expected to close in the second quarter of this year. The closing is conditioned upon certain regulatory approvals and obtaining satisfactory permits from the State of Delaware.
Scope
- Rationale behind PBF Energy Partner's acquisition of Delaware City refinery, terminal and pipeline assets plus the power plant complex
- Strategic Benefits for valero Energy to divest its assets
- Geography covered - US
- Deal Financials and Valuations
- Information on Delaware City Refinery, PBF Energy Partner and Valero Energy
Reasons to buy
- Develop a sound undestanding of the major M&A's, Partnerships, Asset Transactions and Joint Ventures taking place in North American Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
- Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
- Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry
- Understand the various means of raising funds from the market.
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