Philadelphia Energy Solutions files for refinery fire

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NEW YORK / PHILADELPHIA (Reuters) – Philadelphia Energy Solutions file for less than two years, East Coast.

PHOTO FILE: A massive fire burns at Philadelphia Energy Solutions Inc's refinery in this still image from video in Philadelphia, Pennsylvania, US. WCAU-TV / NBC via REUTERS

Explosions and blaze, PES started to shut down the 335,000 barrel-per-day Philadelphia children without planned restart. Some 1,000 workers are being laid off.

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The agreement allows us to make sure that we are responsible for the success of our operations. PES Energy, in a statement.

“The successor of the Philadelphia,” said Smith.

Could receive payouts of $ 1.25 billion in insurance. T

The potential payouts include $ 1 billion. T

The insurance. T

PES has multiple owners, court of filing show, court filings show.

Asked ar PES insurance Making Payments to continue. Its premiums cost about $ 1.4 million per person, according to filings with the U.S. Bankruptcy Court for the District of Delaware.

The refinery has struggled financially for years, slashing t PES filed for last year in the year.

It was not clear whether re-entering Chapter 11 t

The company began selling oil ITS Some supplies and equipment Would it announcing zinc sparse to Shut the plant, triggering PES employee no longer Concerns aimed to find a buyer Willing to restart the refinery from it Initially they UH.

More than 600 exactly refinery workers will be laid off on Aug. 25. Others were let to? After the fire.

PHOTO FILE: The Philadelphia Energy Solutions oil refinery, in Philadelphia, Pennsylvania, US, June 26, 2019. REUTERS / Laila Kearney / File Photo

Hundreds of contractors t

Ryan O'Callaghan, head of the refinery, Chapter 11 filing.

“We went through it,” he said. “And the refinery kept going.”

In Bengaluru and Jessica DiNapoli in New York; editing by David Gregorio and Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.

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