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PBF Energy (PBF) Chairman Tom O'Malley expects crude by rail to be a long-term trend lasting...

PBF Energy (PBF) Chairman Tom O'Malley expects crude by rail to be a long-term trend lasting through the next decade, particularly the movement of Canadian heavy crude. PBF sees crude by rail as key to transforming its east coast refineries from money losers to profit makers, and says it is moving ahead with an expansion of its Delaware refinery to receive up to 150K bbl/day of crude via rail.
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