Philadelphia Energy Solutions begins process to find buyer for refinery

Philadelphia Energy Solutions, operating under bankruptcy protection, is starting the process for the acquisition of its South Philadelphia refinery.

The process will allow PES to solicit interest from potential buyers for its assets, including the 1,300-acre refinery off Passyunk Avenue. The refinery shuttered following a fire and explosion in June that damaged large parts of its facilities. PJT Partners, a global investment bank (NYSE: PJT), will handle the sale process.

Following the blaze,…


more energy news

Send Us A Message