{"schema_version":"secwatch.filing_event.v1","accession":"0001534504-23-000028","form_type":"8-K","ticker":"PBF","cik":"0001534504","company_name":"PBF Energy Inc.","filed_at":"2023-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.304881+00:00","generated_at":"2026-06-13T15:31:14.415283+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 and Eni Sustainable Mobility form 50-50 JV at St. Bernard biorefinery; Eni pays $431M at close","bullets":["Eni commits $835M total; $431M paid at closing; $50M contingent on milestones.","JV owns biorefinery co-located with PBF's Chalmette Refinery in Louisiana.","Biorefinery capacity ~1.1M tonnes/yr, producing 306M gallons/yr renewable diesel.","Production commenced June 2023; pre-treatment unit start-up expected in coming weeks.","Eni to increase refining capacity to over 1.6M tonnes/yr immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0001534504-23-000028","json":"https://secwatch.observer/filing/0001534504-23-000028.json","markdown":"https://secwatch.observer/filing/0001534504-23-000028.md","text":"https://secwatch.observer/filing/0001534504-23-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534504/000153450423000028/0001534504-23-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534504/000153450423000028/pbf-20230627.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:31:14.415283+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":"71d1efd03687dfe82ee43f0a9ef4b1e86252ef95","claim":"PBF Energy Inc. entered into Subscription Agreement with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. valued at $835 million (effective 2023-06-27).","evidence_excerpt":"On June 27, 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”), closed the Subscription Agreement (the “Subscription Agreement”) with Eni Sustainable Mobility, a subsidiary of Eni S.p.A. (“Eni Sustainable Mobility”), pursuant to which PBF Green Fuels LLC, a subsidiary of the Company (“PBF Member”) and Eni Sustainable Mobility US, Inc., a subsidiary of Eni (“Eni Member” and together with the PBF Member, the “Members” or the “Initial Members”), will partner in a 50-50 joint venture, St. Bernard Renewables LLC (“SBR”) that owns the biorefinery (the “Renewable Diesel Facility”) co-located with the Company’s Chalmette Refinery in Louisiana.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534504/000153450423000028/0001534504-23-000028-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"},{"label":"Effective","value":"2023-06-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}