Pennsylvania official confident about future of two Philadelphia refineries
09 March 2012
In a Pennsylvania state committee hearing, Department of Community and Economic Development secretary C. Alan Walker said he was confident buyers would be found for two of the three oil refineries in Philadelphia threatened with closure.
Department of Community and Economic Development secretary C. Alan Walker
The ConocoPhillips refinery in Trainer shut down in September 2011. Sunoco’s Marcus Hook refinery was closed in December and its Philadelphia refinery is still operating. The Sunoco refineries have a July deadline by which to find a buyer.
Walker said his department has been closely involved in this issue and was in discussion with several firms. “I am confident that there is a high likelihood that we will be able to save two of the three refineries,” he said.
Sunoco said its refining activities lost nearly $1 billion in three years, and it is committed to leaving this sector and focusing on retail marketing and logistics.
Contact Details and Archive...