Shell Oil plans to sell its Martinez, Calif., refinery in the San Francisco Bay area to PBF for around $1 billion.
Both companies announced the sale on June 11.
PBF is expected to offer jobs to the more than 700 employees at the site. The company also said it will continue Shell’s community partnerships.
The sale is expected to close by the end of 2019.
According to Shell, the refinery has been operating since 1915 and is one of the most complex facilities in the world. The site converts crude into vehicle gasoline, jet fuel, diesel and asphalt, and other products.
USW Local 5 represents about 325 workers at the Martinez refinery.
To read more about the sale, go to:
https://www.kqed.org/news/11754005/shell-to-sell-martinez-refinery-for-1-billion
To read about PBF’s commitment to the employees, community and safety, go to: