PBF Power Inc. has announce that its St. Bernard Renewables biorefinery, collocated with its Chalmette oil refinery in Louisiana, reported optimistic earnings for the third quarter of 2023, which was its first full quarter of operations.
The 320 MMgy facility primarily produces renewable diesel and is collectively owned by PBF Power and Eni Sustainable Mobility Spa. PBF and Eni closed on the 50-50 partnership in St. Bernard Renewables in mid-2023.
Mathew Lucey, president and CEO of PBF Power, mentioned the biorefinery’s operations throughout a 3rd quarter earnings name held Nov. 2. He stated the ability is continuous to line out operations following startup of the renewable diesel unit in June and the feedstock pretreatment unit in late July.
St. Bernard Renewables averaged greater than 17,000 barrels per day of renewable diesel manufacturing through the third quarter. Lucey stated a catalyst change is scheduled to happen through the fourth quarter as the corporate works to optimize operations. He additionally famous PBF Power is continuous to discover alternatives to develop its partnership with Eni Sustainable Mobility.
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