The Bayway Industrial Complex in Linden — home of five co-located firms (Phillips 66, Infineum, Nexpera, Linden Cogeneration and Sunoco) — has had a huge economic impact on the state for generations.
This morning, it will become clear just how big that billion-dollar boost is.
An economic analysis study by the New Jersey Business & Industry Association and the New Jersey Institute of Technology will show the Complex is a substantial contributor to New Jersey’s overall economy, generating $21.3 billion in total statewide output, while adding nearly $7 billion to the Gross State Product.
Among the many datapoints expected, the analysis will show that the complex supported more than 12,000 jobs in the state in 2023, resulting in $1.2 billion in labor income.
These jobs and dollars come in key sectors, too.
The five firms (Phillips 66, Infineum, Nexpera, Linden Cogeneration and Sunoco) together span refining, chemical manufacturing, power generation, environmental services and fuel logistics.
NJBIA CEO Michele Siekerka said the findings in the 28-page analysis must be taken into account when lawmakers consider policies that make operating the facility more burdensome.
“As policy choices will directly influence the future trajectory of the Complex, it is imperative that our policymakers appreciate both the investment these companies make, their value and partnership within their immediate community, and the output they wholly provide to the state in terms of revenue and jobs and beyond the state in terms of energy and supply chain,” she said.
Remarks about the analysis and the Complex are expected at the Phillips 66 Bayway Refinery from:
- Siekerka
- Bayway Refinery VP Don Susanen
- Congressman Tom Kean Jr. (R, Westfield)
- Assemblyman and Assembly Commerce, Economic Development and Agriculture Chair William Spearman (D, Woodbury)
- Assemblywoman and Deputy Minority Conference Leader Vicky Flynn (D, Middletown)
- Linden Mayor Derek Armsted
- Employee and small business representatives from Bayway Complex
