The operational losses ain't gonna get any better. As more and more states reduce sulphur content, this albatross will get heavier on the PBF P&L's. Toledo and Paulsboro can't make enough money to cover for this bucket of bolts.
The Sulfur PPM requirements have not been instituted yet. This could take a couple years, and there is a potential for it to be delayed even longer. During that time PBF will begin making changes to the refineries. It would be a good question for the conference call.
Why do you think Texaco/Shell sold the Del City turd to Valero? How much did Valero lose trying to run it? Why did Valero in turn sell the bucket iof bolts to PBF for approx 1/3 of what they paid for and invested in it? Why did PBF buy it(easy O'Malley=EGO).. The crack was sooooo good, a monkey could run an east coast plant and make money earlier this year. Just wait until we return to usual ROI for the industry. The plant is a goner. The upgrades needed will approach 1/2 to 1.0 BILLION US Dollars.