PBF Energy Reports Increased Renewable Diesel Production

PBF Energy Inc. on Feb. 13 announced that its St. Bernard Renewables facility produced 17,000 barrels per day of renewable diesel during the fourth quarter, up from 13,000 barrels per day during the third quarter. Renewable diesel production is expected to fall to 10,000 to 12,000 barrels per day during the first quarter of 2025 while the facility undergoes a planned catalyst change in March.

The SBR biorefinery is co-located at PBF Energy’s Chalmette oil refinery in Louisiana. The 320 MMgy facility primarily produces renewable diesel and is jointly owned by PBF Energy and Eni Sustainable Mobility Spa. PBF and Eni closed on the 50-50 partnership in St. Bernard Renewables in mid-2023. The SBR facility’s renewable diesel unit began operations in June 2023, and a feedstock pretreatment unit was brought online the following month. Eni In October announced an agreement to sell a 25% stake in its Enilive business to U.K. based KKR. Eni’s ownership share in SBR is among the assets held by its Enilive business.

Karin Davis, chief financial officer at PBF Energy, noted the company reported an adjusted net loss of $2.82 per share and adjusted EBITDA loss of $249.7 million for the fourth quarter. Included in those results is a $4.8 million loss related to BPF’s equity investment in SBR.