MRC Global Selected as PVF Products Provider for PBF Energy’s Renewable Diesel Project at Chalmette Refinery

Rhea-AI Summary

MRC Global Inc. (NYSE: MRC) has been appointed as the primary provider of pipe, valves, and fittings (PVF) for Chalmette Refining's Renewable Diesel Project in St. Bernard Parish, Louisiana. This project, a subsidiary of PBF Energy Inc., aims to process renewable materials like soybean and corn oil into feedstocks, with a capacity of 20,000 barrels per day expected to start in H1 2023. MRC Global continues to supply PVF products and services to PBF’s six U.S. refineries, demonstrating its strong relationship and expertise in the energy sector.

Positive

• MRC Global secured a pivotal contract with Chalmette Refining for renewable diesel production.
• The project has a substantial capacity of 20,000 barrels per day, indicating significant future revenue potential.
• MRC Global has an established relationship with PBF Energy, enhancing trust and long-term collaboration.

Negative

• None.

HOUSTON, May 26, 2022 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced that Chalmette Refining (CR) has selected MRC Global (US) Inc. as the primary pipe, valves and fittings (PVF) products provider for CR’s Renewable Diesel Project in St. Bernard Parish, Louisiana. Chalmette Refining is a subsidiary of PBF Energy Inc. (PBF), one of the largest independent refiners in North America.

The renewable diesel plant will include a pretreatment unit at the manufacturing site that will enable Chalmette Refining to process renewable materials such as soybean and corn oil, as well as other bio-based fats and oils, into feedstocks for the primary unit. When completed, the production unit will have a nameplate capacity of 20,000 barrels per day of renewable fuel, with start-up expected in the first half of 2023.

MRC Global is also the primary agreement provider of PVF products and services to PBF’s six US refineries, which includes all project and maintenance, repair, and operations (MRO) needs.

“We have a long history with PBF, and we appreciate their trust in MRC Global to support this strategic energy transition project,” said Rob Saltiel, MRC Global President and CEO. “Our technical expertise, quality processes, location footprint, and proven record of reliable service to PBF have enabled this exciting opportunity for our company.”

About MRC Global Inc.

Headquartered in Houston, Texas, MRC Global (NYSE: MRC) is the leading global distributor of pipe, valves, fittings (PVF) and other infrastructure products and services to diversified energy and industrial end-markets including the gas utilities, downstream, industrial and energy transition, upstream production, and midstream pipeline sectors. With over 100 years of experience, MRC Global has provided customers with innovative supply chain solutions, technical product expertise and a robust digital platform from a worldwide network of 210 locations including valve and engineering centers. The company’s unmatched quality assurance program offers 250,000 SKUs from 10,000 suppliers, simplifying the supply chain for over 10,000 customers. Find out more at www.mrcglobal.com

Contact:

Monica Broughton
Investor Relations
MRC Global Inc.
Monica.Broughton@mrcglobal.com
832-308-2847

FAQ

What recent contract did MRC Global secure?

MRC Global was selected as the primary PVF products provider for Chalmette Refining's Renewable Diesel Project.

What is the planned capacity of Chalmette Refining's Renewable Diesel Project?

The project has a planned capacity of 20,000 barrels per day.

When is the start-up expected for the Renewable Diesel Project?

Start-up is expected in the first half of 2023.

Who is Chalmette Refining's parent company?

Chalmette Refining is a subsidiary of PBF Energy Inc.

In which state is Chalmette Refining's Renewable Diesel Project located?

The project is located in St. Bernard Parish, Louisiana.