- Blog
Beginning to See The Light – How a Philly Refinery is Rising From the Ashes
Just when we thought that East Coast refining had become an oil company’s equivalent of musical chairs and all the players were headed for the exits, a consortium including Carlyle, original owners Sunoco, and JP Morgan strung together a deal to save the 330MB/d Philadelphia refinery that had been slated for the scrap heap. Can the new consortium succeed? How will they overcome the obstacles that chased the previous owners off the lot? Today we look at why they just might succeed.
