Valero Energy Corporation announced Friday it is negotiating the sale of its Delaware City assets to PBF Investments, LLC., a company formed by Europe's largest independent refiner Petroplus
Petroplus is acquiring failed US refineries - not sure what the reason is.
About Petroplus
Petroplus International B. V. (Petroplus) was established in 1993 and has since developed into a leading player in the European refining market. Petroplus owns refineries in Antwerp, Belgium; Cressier, Switzerland and Teesside, United Kingdom. In addition, Petroplus recently announced the acquisition of the Belgian Refining Corporation, whose principle asset is a 120,000 barrel per day refinery in Antwerp, Belgium. This acquisition will result in an increase in Petroplus’s refining capacity to 355,000 barrels per day.
Petroplus is currently a wholly owned subsidiary of RIVR Acquistions B.V. RIVR will continue to develop its fast-growing 4Gas LNG terminalling and LNG marketing business which will be formally separated from and managed independently of Petroplus going forward. RIVR Acquisitions B.V., the parent company of Petroplus International B.V., is owned by funds and entities affiliated with Riverstone Holdings, The Carlyle Group, and Company management.
Interesting that somebody feels it is worth a few bucks.