Web20. feb 2024 · At the direction of its investor-controlled board, PES borrowed $550 million in March 2013 and paid $200 million of that to investors, according to bankruptcy filings. PES then spent $100 million building the rail terminal that year and $30 million in … Web13. feb 2024 · 6 things to know about the future of the South Philly refinery site. After months of uncertainty following a massive explosion and subsequent bankruptcy, the site of the shuttered South Philadelphia refinery complex is getting a new life. The Philadelphia Energy Solutions refinery is pictured in Philadelphia on Friday, Jan. 31, 2024.
Bankrupt Philadelphia refiner paid executives millions in ... - Reuters
Web9. sep 2024 · NEW YORK (Reuters) - Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant’s closure and... Web26. mar 2024 · A federal bankruptcy court on Monday approved a plan for Philadelphia Energy Solutions to exit bankruptcy by April 10 at the latest after creditors including the Commonwealth of Pennsylvania and ... jcpenney freehold nj mall bed pillows
Inside the Complex Transformation of An Oil Refinery
Web13. feb 2024 · The Philadelphia Energy Solutions oil refinery site will be sold for $252 million and redeveloped under a plan approved in bankruptcy court on Thursday, ending months of uncertainty over whether ... Web6. mar 2024 · This recent piece from Reuters’ Jarrett Renshaw explains the truth behind what led to the refiner to bankruptcy: Throughout 2016 and 2024, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Although little oil flowed, plenty of money did. Web21. aug 2024 · The bankrupt Philadelphia Energy Solutions oil refiner is seeking a minimum of $... 3 Min ReadNEW YORK (Reuters) - The bankrupt Philadelphia Energy Solutions oil refiner is seeking a minimum of $2.5 million in bonus payments to the refiner’s top executives as part of a plan to reorganize or sell the company, U.S. bankruptcy court … lutheran poem