Assets include crude processing and storage located on the Delaware River south of Philadelphia, Pennsylvania. Noted Matt Lucey, PBF Logistics Executive Vice President: "This processing agreement with Maersk delivers on our plans for the CPI acquisition to deliver accretive growth for the Partnership. "We will repurpose a portion of the existing idled asphalt facility to process an average of approximately 25 thousand barrels per day of crude for Maersk as part of their overall IMO fuel sourcing strategy. "This processing arrangement is a prime example of how we will maximize the potential of our assets through strategic commercial opportunities and valuable partnerships." Additionally, in August 2018, Maersk and Vopak announced a leasing agreement for storage of 2.3 million mt 0.5% compliant fuel, equivalent of approx. 20% of Maersk's annual fuel demand, at the Vopak Europoort Terminal in Rotterdam. Read More: Maersk Launches 'Street Turn' Service