Repairs underway after mechanical malfunction causes flaring

  • PBF Energy’s Torrance refinery experienced a unit shutdown and unplanned flaring
  • Repairs are being conducted to address the mechanical/electrical malfunction
  • The incident prompted the submission of a Hazardous Materials Spill Report
  • No estimated time of completion for the repairs has been provided

PBF Energy’s Torrance refinery is currently undergoing repairs following a unit shutdown and subsequent unplanned flaring event. The incident, caused by a mechanical/electrical malfunction, prompted the submission of a Hazardous Materials Spill Report to the California Governor’s Office of Emergency Services. The refinery is operating normally, but there is no estimated time of completion for the repairs.

Public Companies: PBF Energy Inc. (PBF)
Private Companies: undefined
Key People: Sydnee Beach (Reporter), Deanna Mendoza (Editor)

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Factuality Level: 8
Justification: The article provides specific details about the incident at the Torrance refinery, including the cause of the flaring event, the repairs being conducted, and the submission of a Hazardous Materials Spill Report. The information is sourced from a regulatory filing and a report submitted to the California Governor’s Office of Emergency Services. However, the article does not provide any comments or statements from PBF Energy Inc., which could have provided additional context or clarification.

Noise Level: 3
Justification: The article provides relevant information about a mechanical/electrical malfunction at PBF Energy Inc.’s Torrance refinery, including details about the flaring event and the repairs being conducted. It also mentions the submission of a Hazardous Materials Spill Report and the normal operation of the refinery. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on reporting the incident without exploring long-term trends, antifragility, or accountability of powerful people.

Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to PBF Energy Inc., a company in the oil and gas industry. It provides information about repairs being conducted at their Torrance refinery, which could potentially impact their operations and production.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: There is no extreme event mentioned in the news article. It primarily focuses on repairs being conducted at the refinery.

Reported publicly: www.marketwatch.com