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Industry News
Philly refiner's bankruptcy plan approved by judge
2/14/2020

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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