PBF Energy Provides Update on Delaware City Refinery Operations

PARSIPPANY, N.J.--(BUSINESS WIRE)--

PBF Energy Inc. PBF today provided an update to the operations at the Delaware City refinery which had been running at reduced rates following an unplanned shutdown of its Fluid Catalytic Cracking Unit ("FCC") on August 21, 2015. The FCC has successfully restarted and is operating to plan. During the outage, the company elected to move forward the planned maintenance of its crude and reformer units. The planned maintenance is expected to be complete by the end of September.

The company provides the following updated guidance for the remainder of 2015: the East Coast is expected to process approximately 300,000 to 320,000 barrels per day ("bpd") for the third quarter and 320,000 to 340,000 bpd for the fourth quarter; the Mid-Continent is expected to process approximately 165,000 to 175,000 bpd for the third quarter and 150,000 to 160,000 bpd for the fourth quarter.

Forward-Looking Statements

Statements in this press release relating to future plans, results, performance, expectations, achievements and the like are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which may be beyond the company's control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors and uncertainties that may cause actual results to differ include but are not limited to the risks disclosed in the company's filings with the SEC, as well as the risks disclosed in PBF Logistics LP's SEC filings and any impact PBF Logistics LP may have on the company's credit rating, cost of funds, employees, customers and vendors; risks relating to the securities markets generally; and the impact of adverse market conditions affecting the company, unanticipated developments, regulatory approvals, changes in laws and other events that negatively impact the company. All forward-looking statements speak only as of the date hereof. The company undertakes no obligation to revise or update any forward-looking statements except as may be required by applicable law.

About PBF Energy Inc.

PBF Energy Inc. PBF is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey and Toledo, Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally sensitive manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.

PBF Energy Inc. also currently indirectly owns the general partner and approximately 53.7% of the limited partnership interest of PBF Logistics LP PBFX.

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