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Judge rules in favor of PES refinery’s proposed sale to Chicago-based developer
Barring no further objections, a U.S. Bankruptcy Court judge has approved the sale of the Philadelphia Energy Solutions complex in South Philadelphia to a Chicago-based developer with no plans of restarting refinery operations. The judge also tentativel.....»»
Philly refinery sale draws $240 million winning bid from real estate developer
Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday......»»
City and union officials to consult on Philadelphia refinery sale process: U.S. court
A U.S. bankruptcy judge on Thursday approved a process for the sale of the Philadelphia Energy Solutions oil refinery, the largest and oldest on East Coast, under which city officials and a trade union will consult on the matter......»»
Chinese bank seeks denial of Philadelphia Energy Solutions bankruptcy plan
A Chinese bank asked a federal judge on Tuesday to deny Philadelphia Energy Solutions' initial bankruptcy requests, arguing it should get priority over any insurance payouts after a June fire destroyed a section of the PES refinery......»»
Philadelphia Energy Solutions files for bankruptcy after refinery fire
Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast......»»
Philly Oil Refinery Files For 2nd Bankruptcy In 2 Years After Massive Fire
Following a massive fire at a Philadelphia refinery that sent gas prices higher across the Northeast, Philadelphia Energy Solutions LLC .....»»
Fire forces Philadelphia Energy Solutions to file for bankruptcy again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on the U.S. East Coast......»»
A return to bankruptcy possible after refinery fire
The Philadelphia Energy Solutions refinery, ravaged by Friday's devastating fire and just a year removed from bankruptcy, could be headed there again, reports the Philadephia Inquirer. The fire, which injured five workers and wasn't put out till Sat.....»»
Councilman: PES refinery buyer says redevelopment could create 10,000 jobs
A future redevelopment of the shuttered Philadelphia Energy Solutions site has the potential to create 10,000 jobs, Councilman Kenyatta Johnson said after a briefing from the company that placed the winning bid for the refinery. Hilco Redevelopme.....»»
PES creditors fight to reject refinery sale to Hilco: court documents
Creditors of bankrupt Philadelphia Energy Solutions are opposing the sale of its oil refinery to Hilco Redevelopment Partners, saying another developer made a more lucrative bid for the site, according to court documents filed on Thursday......»»
Real estate developer in $240 million deal to buy Philadelphia refinery
Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions oil refinery, which was the largest and oldest on the East Coast, according to court documents on Wednesday......»»
Exclusive: Philadelphia refinery expected to be sold to real estate developer - sources
The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday......»»
Bankrupt Philadelphia refinery expects second insurance payment
Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed......»»
Old, corroded pipe led to Philadelphia refinery fire: Chemical Safety Board
An old, degraded piece of metal pipe that had not been tested for corrosion led to the June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation Board said on Wednesday......»»
Corroded pipe led to Philadelphia refinery fire -U.S. Chemical Safety Board
An old, thinning piece of metal pipe that had not been tested for corrosion led to a June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation Board said in a report on Wednesday......»»
Corroded pipe led to Philadelphia refinery fire: U.S. Chemical Safety Board
A thinning piece of metal pipe that had not been tested for corrosion led to a June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation Board said in a report on Wednesday......»»
Groups bidding for PES refinery due to tour fire-damaged site: sources
Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of the bidding process and are gearing up for visits to the plant, according to three sources familiar with the matter......»»
Former CEO of shut Philadelphia refinery seeks to buy the plant
The former chief executive officer of Philadelphia Energy Solutions is seeking to buy and restart the 335,000 barrel-per-day PES refinery, which closed after a June fire, the former CEO and backers of the plan said in a statement on Wednesday......»»
Exclusive: Biofuels company proposes to buy fire-damaged Philadelphia refinery
A biofuels producer said on Thursday it is proposing to acquire the fire-damaged Philadelphia Energy Solutions refinery and convert it to make renewable diesel and jet fuels......»»
PES layoffs accelerate as Philadelphia refinery closes
Refiner Philadelphia Energy Solutions is laying off the majority of its unionized workforce on Tuesday and Wednesday, the union's president said, ahead of an initial layoff deadline......»»