Petroplus Holdings AG announced today that its
investment vehicle, PBF Energy Company LLC (“PBF”) has completed its purchase of the Delaware City refinery in Delaware City, Delaware from Valero Energy Corporation. In addition, PBF announced it will be commencing major maintenance work at the refinery and plans to restart the refinery in the first half of 2011.

The terminal assets will continue to operate through this period.
Petroplus Holdings AG is the largest independent refiner and wholesaler of petroleum products in Europe.

Petroplus focuses on refining and currently owns and operates six refineries across Europe: the Coryton Refinery on the Thames Estuary in the United Kingdom, the Belgium Refining Corporation Refinery in Antwerp, Belgium, the Petit Couronne Refinery in Petit Couronne, France, the Ingolstadt Refinery in Ingolstadt, Germany, the Reichstett Refinery near Strasbourg, France, and the Cressier Refinery in the canton of Neuchâtel, Switzerland. The refineries have a combined throughput capacity of approximately 752,000 barrels per day.