{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-008243","form_type":"8-K","ticker":"PBF","cik":"0001534504","company_name":"PBF Energy Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.476475+00:00","generated_at":"2026-06-19T02:33:59.396622+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PBF Energy and Eni form 50-50 JV for St. Bernard biorefinery; Eni to contribute up to $885M","bullets":["Eni contributes $835M plus up to $50M milestone-based; PBF contributes biorefinery assets.","Biorefinery capacity: 1.1M tonnes/yr raw materials, 306M gal/yr HVO diesel.","Startup scheduled H1 2023; transaction expected to close Q2/Q3 2023.","JV will use Ecofining technology developed by Eni and Honeywell UOP.","PBF will manage project execution and serve as operator post-construction."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-008243","json":"https://secwatch.observer/filing/0001140361-23-008243.json","markdown":"https://secwatch.observer/filing/0001140361-23-008243.md","text":"https://secwatch.observer/filing/0001140361-23-008243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534504/000114036123008243/0001140361-23-008243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534504/000114036123008243/brhc10048522_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T02:33:59.396622+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c8661200960153dded36a86c3e33d4a8ae55beb8","claim":"PBF Energy Inc. entered into Subscription Agreement with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. valued at $835 million plus up to an additional $50 million (effective 2023-02-16).","evidence_excerpt":"On February 16, 2023 (the “Execution Date”), PBF Energy Company LLC (“PBF LLC”), a subsidiary of PBF Energy Inc. (“PBF Energy” and collectively with its consolidated subsidiaries including PBF Holding, the “Company”), entered into a definitive Subscription Agreement (the “Subscription Agreement”) with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. (“Eni Sustainable Mobility”), pursuant to which the Company and Eni will partner in a 50-50 joint venture, St. Bernard Renewables LLC (“SBR”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534504/000114036123008243/0001140361-23-008243-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Eni Sustainable Mobility, a subsidiary of Eni S.p.A."},{"label":"Value","value":"$835 million plus up to an additional $50 million"},{"label":"Effective","value":"2023-02-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}