PHILADELPHIA ENERGY SOUTIONS AUCTION- JANUARY 2020

After a massive explosion at Philadelphia Energy Solutions (PES) in June last year, the 1,300 acre land is left unused till date. The now-bankrupt oil refinery has not resumed operations since it closed down due to a destructive fire.

In August 2019, the shuttered refinery was opened for auction. PES attempted to solicit interest from potential buyers. A large part of the facility had been damaged, but wasn’t rendered completel....