Pes refinery for sale 5 million less than the parties had agreed to in February. Jan 22, 2020 · Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions (PES) oil refinery, which was the largest and oldest Jan 17, 2020 · For more than 150 years, the land has hosted the largest refinery on the East Coast, processing up to 335,000 barrels of crude oil per day into gasoline and home heating oil. Bankruptcy Court judge has approved the sale of the Philadelphia Energy Solutions complex in South Philadelphia to a Chicago-based developer with no plans to re-start refinery operations. 6 to the court as part of the PES Chapter 11 proceedings. Jun 26, 2020 · Chicago-based Hilco Redevelopment Partners is now officially the owner of the former Philadelphia Energy Solutions refinery complex in Southwest Philadelphia. Residents, labor leaders, health and environmental experts, planners and municipal officials gave City Council oversight panels their recommendations. 5 million. Bankruptcy Court. Nov 14, 2019 · The future of the Philadelphia Energy Solutions refinery complex in South Philadelphia, forced into Chapter 11 bankruptcy after June’s explosion and fire, could be decided as soon as January. Jan 22, 2020 · With a bid of $240 million, Hilco Redevelopment Partners emerged from last Friday’s bankruptcy auction as the winner of the Philadelphia Energy Solutions complex, according to the filing with the Jan 22, 2020 · With a bid of $240 million, Hilco Redevelopment Partners emerged from last Friday’s bankruptcy auction as the winner of the Philadelphia Energy Solutions complex, according to the filing with the court in Wilmington. The deal closed about midday Friday for a final price of $225. On Thursday, U. P. Refinery Sellers: Mar 31, 2025 · On July 21, 2019, following a June 21, 2019 explosion and fire at the Philadelphia Energy Solutions Refining and Marketing LLC (“PESRM”) owned and operated refinery located in Philadelphia, Pennsylvania (“Philadelphia Refinery”), PES Holdings, LLC, North Yard GP, LLC, North Yard Logistics, L. • July 21, 2019 –PES files Chapter 11 bankruptcy • August 2019 –PES ends crude oil refining in the complex, continues efforts to stabilize area near the incident and wind down operations. 5 million, $26. Hilco’s bid on the site involves permanent closure of the refinery, and therefore a major victory for Philly Thrive’s organizing for the Right to Breathe. Jun 4, 2021 · Demolishing the former PES refinery complex, now owned by Hilco Redevelopment Partners, will take four years and will include the removal of 35,000 tons of asbestos, 850,000 barrels of Nov 22, 2019 · Many voices with one mission: Seeking a safer future for PES refinery site. The agreement of sale will be presented Feb. Refinery Buyers. Refineries For Sale. Jun 26, 2020 · On Thursday, the Philadelphia Energy Solutions refinery and its creditors finalized the sale of the 1,300 acre site to Chicago-based Hilco Redevelopment Partners for $225. Jun 4, 2021 · Demolishing the former PES refinery complex, now owned by Hilco Redevelopment Partners, will take four years and will include the removal of 35,000 tons of asbestos, 850,000 barrels of Jan 22, 2020 · With a bid of $240 million, Hilco Redevelopment Partners emerged from last Friday’s bankruptcy auction as the winner of the Philadelphia Energy Solutions complex, according to the filing with the Jan 22, 2020 · With a bid of $240 million, Hilco Redevelopment Partners emerged from last Friday’s bankruptcy auction as the winner of the Philadelphia Energy Solutions complex, according to the filing with the court in Wilmington. We offer a marketplace for the petroleum refining industry, to advertise both new and used crude oil refineries for sale worldwide. Feb 13, 2020 · A U. S. , PES Administrative Services, LLC, PES • June 26, 2019 –PES announces it would close the refinery and position it for sale. If your company wishes to buy a complete oil refinery (or associated refinery plant & equipment) Click here to register with us as a buyer. Bankruptcy Court Judge Kevin Gross approved rules for the sale process. . In recent weeks Hilco, which intends to redevelop the site as a logistics hub, had demanded a lower Feb 13, 2020 · On Thursday February 13th, the sale of the PES refinery site was confirmed to Hilco Redevelopment Partners in U. yimrnn wvjh asbiurv jjihayw tonx qgos kywlh tctiybnf raqrege fsq dfvt erfvke bfdifw ikrakz rxfzi