Share “Delta closes on deal for Philly-area refinery”

Delta closes on deal for Philly-area refinery

Associated Press Modified: June 22, 2012 at 7:00 pm •  Published: June 22, 2012

PHILADELPHIA (AP) — A Delta Air Lines subsidiary has closed on a deal to purchase a suburban Philadelphia oil refinery so it can produce its own jet fuel.

The company closed on the $180 million purchase of the refinery in Trainer on Friday. A union official says workers are expected to start returning and getting the plant ready next week.

Delta announced in April that it would buy the idled ConocoPhillips refinery in a deal it hoped would cut its jet fuel bill by $300 million a year. Officials have said the refinery is expected to restart in September and that a Delta subsidiary — Monroe Energy LLC — will run it.

Denis Stephano, president of the local steelworkers union, says all of the workers who wanted to return are going back.


  1. 1
    Hillary Clinton Really Is Coming For Your Guns
  2. 2
    Where does OU rank among college football's running back units?
  3. 3
    The best jobs for every personality type
  4. 4
    Lankford: Changing Washington 'takes strong families, strong churches and strong communities'
  5. 5
    Trial delayed for former sheriff's deputy charged with sexual battery
+ show more


× Trending energy Article