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Industry News
Philly refiner's bankruptcy plan approved by judge

Judge Kevin Gross of the US Bankruptcy Court for the District of Delaware approved Philadelphia Energy Solutions' reorganization plan and approved the $252 million sale of the fire-damaged PES refinery in South Philadelphia to Hilco Redevelopment Partners. Redevelopment of the site could take up to 15 years, city of Philadelphia managing director Brian Abernathy said.

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