Axeon Specialty Products is shuttering the largest asphalt refinery in the United States when the country might need it most.
The Stamford, Connecticut-based company announced In January that it plans to close its Paulsboro, New Jersey, refinery and convert it into a terminal. The planned shutdown would occur as President Trump has pledged to build new roads, highways and bridges across the country. The United States would need 63% more asphalt than its consumes now, just to pave roads at the rate it reached a decade ago, Energy Information Administration data show.
