PES refinery site attracts 3rd suitor, nationwide developer Industrial Realty Group. He began organizing a rescue effort just days after the June fire, and in August announced the formation of his venture to make a formal bid. A view of the Philadelphia Energy Solutions refinery complex from the George C. Platt Memorial Bridge. Philadelphia Energy Solutions refinery. Brent futures rose 75 cents, or 1.2 per cent, to settle at $65.20 a barrel. Under the Renewable Fuel Standard program, refineries such as PES are required to blend renewable fuels such as ethanol into diesel fuel or gasoline, or obtain Renewable Identification Numbers, or RINs, to meet their renewable volume obligations. The latest filing follows a … ... After news broke that the … A plan was presented to and praised by city officials in 2018, and the process of obtaining city and state permits had begun. The suit sought to “recover back pay and benefits pursuant” to the WARN Act. The state Department of Environmental Protection said on Tuesday it was concerned about the integrity of storage tanks on site. The investigation could ultimately take months or perhaps years, they said. “We will continue to maintain the refinery complex, remove the hydrocarbon inventory in the facility, protect the facility and prepare for a safe handoff of the facility to HRP Philadelphia Holdings LLC, which is expected to occur within 60-90 days,” Smith said in his memo. “We welcome the selection of Hilco Redevelopment Partners as the winning bidder for the refinery site," Mayor Kenney said in a statement Wednesday. Pa. sees highest new daily case count since pandemic began, 55 tons of oily debris collected from Delaware beaches, N.J. coronavirus recovery: Vaccination plan filed with CDC. “In hindsight, that refinery would have had a very difficult time in today’s environment,” Potter said. In-depth, original reporting on housing, transportation, and development. PHILADELPHIA (Reuters) - Philadelphia Energy Solutions (PES) will seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, the company confirmed on Wednesday, a day after sources told Reuters about the plans. “The impact of the closure will be a massive blow to the local economy,” said Ryan O’Callaghan, head of the refinery’s union, estimating that it would cost tens of thousands of jobs when contractors and other businesses that rely on the plant are included. Evergreen Resources Group LLC, which is managing the site restoration, aims to clean up the property for continued use as a refinery, and it’s unclear if a less intensive commercial or light-industrial use would require more extensive cleanup. 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. “We just love the fact we get a chance to breathe again,” Miller said. Philadelphia Energy Solutions Blogs, Comments and Archive News on Economictimes.com S. Philly refinery blast released 5,000 pounds of a deadly chemical, federal investigators say, Bankrupt Philly refinery gets interest from 15 potential bidders; aims for a January auction, Philadelphia refinery hit with $132,000 fine for violations related to June fire. In the end, it was probably market forces that doomed any efforts to restart the plant, including a proposal by the refinery’s former chief executive, Philip Rinaldi. (CBS) — It’s a new era in South Philadelphia as big plans were announced Thursday for the shuttered Philadelphia Energy Solutions refinery. The Rinaldi bid was not selected by PES and was tagged as unrealistic. On Monday, PES asked the bankruptcy court for an order to approve the environmental settlement. That unit had been closed after a June 10 pump fire, where nobody was injured. That task force will now be retooled to focus on helping the company transition the site of the refinery and supporting employees affected, Kenney said in his statement. Final bids were due Jan. 10.
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