March 6 (Reuters) - Independent U.S. refiner PBF Energy ( PBF )
said on Thursday it is starting repairs at its
fire-damaged 156,400-barrel-per-day (bpd) Martinez refinery in
California and estimates the cost of repairs to be $30 million.
The fire broke out on February 1 near a cat feed
hydrotreater, which uses hydrogen to remove sulfur from gas oil
used to make unfinished gasoline, company executives said during
its fourth-quarter earnings call.
The shutdown would impact production in the first
quarter, they had said.
The company said it expects certain units, including the
crude unit, to restart early in the second quarter of 2025, with
the remaining units restarting by the fourth quarter.
Total throughput during the first stage is expected to
be in the range of 85,000 bpd to 105,000 bpd.
PBF expects the costs to be largely covered by
insurance, and its business interruption insurance should offset
the financial loss resulting from the downtime.