Judge OKs Philly refiner’s bankruptcy plan, sale to property developer: documents

FILE PHOTO: Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. REUTERS/Mark Makela/File Photo

NEW YORK (Reuters) – The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether the idled plant would be restarted, court filings show. Judge Kevin Gross signed off on the PES bankruptcy agreement, filed with […]

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