Sunoco, private-equity group consider deal for refinery

04/23/2012 | Philadelphia Inquirer, The

Sunoco and private-equity manager The Carlyle Group are discussing a deal where Carlyle would operate Sunoco's Philadelphia refinery, which could mean that the site would stay open past August. "The facility has been operating at a significant loss for some time, and we are exploring every avenue to create a viable plan. It is a heavy lift and we are not sure a solution is possible, but we are doing the work," said Rodney S. Cohen of Carlyle.

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Philadelphia Inquirer, The

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