Our Partners

Leading Energy and Financial Enterprises

PBF Partners is backed by three of the world’s leading energy and financial enterprises: Petroplus Holdings AG, The Blackstone Group, and First Reserve Corp. Each firm is committing $666 million to PBF Partners for new investments in oil refineries and related facilities throughout North America.

Each firm brings unique, complementary capabilities to PBF Partners. Together, they have provided not only extensive capital resources for investment, but also exceptional expertise in the financial and technical issues associated with energy industry transactions, and equally strong operations management capabilities.

Petroplus Holdings AG is Europe’s largest independent refiner and wholesaler of petroleum products. Petroplus focuses on refining, and currently owns and operates seven refineries across Europe. These include the Coryton refinery on the Thames Estuary in the United Kingdom; the Ingolstadt refinery in Ingolstadt, Germany; the Belgium Refining Company refinery in Antwerp, Belgium; the Cressier refinery in the canton of Neuchâtel, Switzerland; the Teesside refinery in Teesside, United Kingdom; and the Petit Couronne and Reichstett Vendenheim refineries, both in France. Together, these refineries have a throughput capacity of approximately 864,000 barrels per day.

The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services. Its alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds, and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.

First Reserve Corp is the world’s leading energy industry private equity firm. Throughout its 25-year history of investing solely in the global energy industry, First Reserve Corp. has developed an unmatched franchise, leveraging its broad base of specialized industry knowledge for strong competitive advantage. First Reserve Corp. believes that strategic diversification across a wide range of energy industry sectors has been a major contributor to the long-term, superior investment record achieved by the First Reserve Corp. Funds across economic cycles.