06.05.16. PBF Logistics has completed its acquisition of four refined product terminals located in the greater Philadelphia region from an affiliate of Plains All American Pipeline.
Paying approximately US$100 million in cash, the acquisition expands the partnership’s storage and terminal footprint and introduces third-party customers to the partnership’s revenue base.
Located in the Philadelphia market, the East Coast Terminals are situated in the sixth largest metropolitan area in the United States with significant local demand for refined products. The terminals provide a link for the approximately 1.3 million bpd of refining capacity located within 100 miles of the facilities and associated downstream demand. They each have extensive pipeline, truck and deepwater marine connectivity.
The assets to be acquired include a total of 57 product tanks with a total shell capacity of approximately 4.2 million shell barrels, pipeline connections to the Colonial, Buckeye, Sunoco Logistics and other proprietary pipeline systems, 26 truck loading lanes and marine facilities capable of handling barges and ships.

6th May 2016