The newly-acquired interests of TVPC would be expected to generate an estimated annual net income of about $15.5 million, based on revenues of approximately $44 million and estimated earnings before interest, taxes, depreciation and amortization (EBITDA) of about $25 million, according to PBF Logistics, with annual maintenance capital expenditures averaging at about $1.5 million.
"The acquisition of the remaining 50 percent interest in TVPC reflects PBFX's ongoing commitment to deliver sustained growth to our unitholders by adding high-quality assets to our earnings base," PBFX and PBF Energy Chief Executive Officer Thomas Nimbley said in a prepared statement.
reportedly owns the 189-mile San Joaquin Valley Pipeline system with a throughput capacity of approximately 110,000 barrels per day.
Results from TVPC and STEM analyses indicated that SAHA treatment induced differential responses in DNA damage-related pathways.
Pathway-scale analyses by TVPC and STEM identified pathways with a significant change in coherence level and profile patterns between tumor and normal samples.
Our approach to form TvPC (i.e., to impose time-variant properties on conventional PCs) is to induce the movement of such a RI modulation along the x-axis.
Transfer scattering matrix method (TSMM) can be used to investigate the optic transmissions of TvPC along the x-axis.
Because of the dynamic nature, the RI distribution in the TvPC is a function of spatial coordinate x and time t such that n(x, t) = n(x - R, t - T), where R is the spatial periodicity, and T = R/[upsilon] is the time period for a TvPC to restore its configuration as the structure moves, with [upsilon] being the speed of RI modulation movement.
The TVPC owns the 189-mile San Joaquin Valley Pipeline system with a throughput capacity of 110,000 barrels per day.
Over the 12 month period subsequent to closing the proposed acquisition, PBF Logistics' acquired interests of TVPC would be expected to generate estimated annual net income of USD9.4m based on revenues of USD38.5m.