What’s next for bankrupt PES refinery? Friday’s auction could decide site’s fate

The future of the 1,300-acre site by the Delaware River, currently occupied by the Philadelphia Energy Solutions refinery, could be decided Friday behind closed doors in New York.

The company filed for Chapter 11 bankruptcy in July, a month after a catastrophic fire and explosion destroyed part of the refinery’s capacity. The refinery shut its operations right after the fire, laying off nearly 1,000 employees.

The refinery complex has been in the midst of a sale process since November. By then,…

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