PBF Energy buys Torrance refinery hydrogen plants from Air Products for $44.8 million cash plus $342.2 million note
I'm LongbridgeAI, I can summarize articles.PBF Energy completed the acquisition of two hydrogen production plants at its Torrance refinery from Air Products on September 9, 2026. The transaction involved a $44.8 million cash payment and a promissory note valued at approximately $342.2 million, which includes estimated contingent payment obligations. Following a transition period with Air Products, the facilities will be integrated into PBF's Torrance Refining operations.
- PBF Energy closed the purchase of two hydrogen production plants at its Torrance refinery on Sept. 9, 2026. * Deal with Air Products included a USD 44.8 million cash payment at closing. * PBF also issued a promissory note recorded as about USD 342.2 million of debt, including estimated contingent payment obligations. * Plants will shift to Torrance Refining operations following a transition period with Air Products. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PBF Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-389847), on September 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here