Philadelphia Refinery Closure to Increase Fuel Imports, Pipeline Use

SUGAR LAND--June 28, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--After an explosion and fire at Philadelphia Energy Solutions' (Philadelphia, Pennsylvania) South Philadelphia Refinery on June 14, Philadelphia mayor Jim Kenney earlier this week confirmed that the facility would be closing its doors permanently within a month. The 335,000-barrel-per-day (BBL/d) refinery is the largest on the east coast and, according to media reports, meets about 3% of the gasoline needs in the region, which lacks a strong refining footprint. The closure is expected to increase fuel imports to the region and increase the use of a key refined products pipeline running from the U.S. Gulf Coast to the Northeast region.

Within this article: Details of potential ramifications of the refinery closure

Other companies featured: PBF Energy Incorporated (NYSE:PBF)