East coast refiner goes bankrupt
WebFeb 14, 2024 · The plan includes the sale of PES’s 1,300-acre refinery complex to a real estate company — putting an end to the largest oil refining operation on the East Coast. WebJan 22, 2024 · The owner of the largest East Coast oil-refining complex is filing for bankruptcy and blaming an Environmental Protection Agency (EPA) biofuel mandate. …
East coast refiner goes bankrupt
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WebJan 22, 2024 · Tiffany Kary Philadelphia Energy Solutions LLC, owner of an oil refinery that supplies more than a quarter of the U.S. east coast’s crude refining capacity, filed for … WebMar 12, 2024 · The end of the united state crude export restriction in late 2015 as well as the begin of the Dakota Access pipe in 2014 required East Coast refiners to reverse to a lot more pricey imports. The refinery, a 1,300-acre system near midtown Philadelphia, will certainly maintain operating as well as there will certainly be no influence on tasks ...
WebJan 22, 2024 · The largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday, blaming its downfall on "broken" environmental rules. WebJan 22, 2024 · After nearly 150 years in business, the biggest oil refinery east of the Mississippi River has operated through the Great Depression, two world wars and the 1970s Saudi oil embargo. It’s faced more than one shutdown. Now, its owner says a 13-year-old government biofuels mandate brought the Philadelphia fixture to its knees.
WebLargest East Coast oil refinery goes bankrupt, blaming 'broken' EPA rules Philadelphia Energy, which agreed to a chapter 11 plan with its top lenders, hopes to gain judicial …
WebJul 23, 2024 · The company operating the facility, Philadelphia Energy Solutions, filed for Chapter 11 bankruptcy. It's the second time the company has filed such paperwork in … fisheries management general regulation 2010WebSep 9, 2024 · Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant's closure and before the company filed for bankruptcy a few weeks later, court documents show. PES announced plans to permanently shut its refinery following the June 21 explosive blaze … fisheries management coursesWebJan 22, 2024 · The largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday, blaming its downfall on “broken” environmental rules. fisheries management course onlineWebJan 22, 2024 · The largest oil refinery along the U.S. East Coast filed for bankruptcy protection on Sunday and blamed its downfall on "broken" environmental rules squeezing the industry. fisheries management ecologyWebJul 14, 2024 · The refinery sought bankruptcy “due to severe regulatory and financial constraints” that forced it to suspend its refinery operations indefinitely, and has lined up as much as $25 million of so-called debtor-in-possession financing that will help it maintain the refinery through the Chapter 11 process, according to the statement. fisheries management and development act 2016WebSep 9, 2024 · Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant's closure and before the company filed ... fisheries management general regulationsWebJan 22, 2024 · After nearly 150 years in business, the biggest oil refinery along the U.S. East Coast has operated through the Great Depression, two world wars and the 1970s … canadian incident management system