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Stock impact report

Pipeline spills more than 300,000 gallons of diesel fuel near New Orleans [CNN]

PBF Energy Inc. Class A (PBF) 
Last pbf energy inc. class a earnings: 2/13 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.pbfenergy.com
Company Research Source: CNN
(CNN)The incident occurred on December 27 on a 16-inch diesel pipeline located at the Chalmette Refinery, just east of New Orleans, in St. Bernard Parish, according to federal documents from the Pipeline and Hazardous Materials Safety Administration. PHMSA is charged with oversight for pipeline safety in the United StatesOfficials say the owner of the line, Collins Pipeline Company, shut down the Meraux Pipeline on the morning of the 27 after reportedly observing pressure gauges and flow meter measurements that indicated there was a leak, documents stated. Later that same day, the pipeline company visually confirmed that the line had ruptured, resulting in a release of low sulfur diesel that surfaced near a levee wall in St. Bernard Parish.An October 2020 inspection revealed external corrosion along a 22-foot section of pipe in the same area as the spill.The company initially reported between 200-300 BBLs (8400 -12,600 gallons), had spilled, however on December 28, the company estimat Show less Read more
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