secwatch.observer — SEC 8-K summary
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Issuer:     PBF Energy Inc. (PBF)
CIK:        0001534504
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001140361-23-008243
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PBF Energy and Eni form 50-50 JV for St. Bernard biorefinery; Eni to contribute up to $885M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534504/000114036123008243/0001140361-23-008243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534504/000114036123008243/brhc10048522_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008243

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer