Philly's PES refinery, the East Coast's largest, files for...

01/22/18


Philly.com

Philly's PES refinery, the East Coast's largest, files for bankruptcy protection
Philly.com
The case was filed in U.S. Bankruptcy Court in the District of Delaware. Under former chief executive Philip Rinaldi, PES invested about $900 million to improve the refinery, taking on debt when oil prices were high, profit margins were fat, and the ...

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