February 17, 2023
On February 16, Willkie client PBF Energy Inc. announced that it entered into definitive agreement with Eni Sustainable Mobility to partner in a 50-50 joint venture, St. Bernard Renewables LLC, for a biorefinery currently under construction co-located with PBF's Chalmette Refinery in Louisiana.
The St. Bernard Renewables biorefinery startup is scheduled in the first half of 2023. The biorefinery will have capacity to produce more than 300 million gallons per year of Hydrotreated Vegetable Oil Diesel (commonly known as “renewable diesel”). In connection with production, logistical and financial assets contributed by PBF, Eni will contribute in excess of $835 million to the joint venture.
PBF Energy is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio.
Eni is a global energy company headquartered in Rome. Eni Sustainable Mobility provides gradually decarbonized services and products that support the energy transition and accelerate the path to net zero emissions.
The Willkie team was led by partners Archie Fallon and Andres Mena and counsel Jason Nasra, and included counsel Emerson Girardeau and associates Joe Laurel and Monica Diddell.
The St. Bernard Renewables biorefinery startup is scheduled in the first half of 2023. The biorefinery will have capacity to produce more than 300 million gallons per year of Hydrotreated Vegetable Oil Diesel (commonly known as “renewable diesel”). In connection with production, logistical and financial assets contributed by PBF, Eni will contribute in excess of $835 million to the joint venture.
PBF Energy is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio.
Eni is a global energy company headquartered in Rome. Eni Sustainable Mobility provides gradually decarbonized services and products that support the energy transition and accelerate the path to net zero emissions.
The Willkie team was led by partners Archie Fallon and Andres Mena and counsel Jason Nasra, and included counsel Emerson Girardeau and associates Joe Laurel and Monica Diddell.
