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PBF seeks property tax break to attract partner for Chalmette renewable diesel project

PBF Energy is seeking an ITEP grant from the state of Louisiana, to cut the property tax value on new build construction by up to 80% for five years. The tax break would help attract a partner to build a new $500 Mn renewable diesel unit at its 190kbd (9.5Mnta) Chalmette refinery.

The ITEP grant would have the option to be renewed for a second five years.