UPDATE 1-PES up against the clock to sell Philadelphia refinery in cash crunch
Finding a buyer for
Philadelphia Energy Solutions’ oil refinery has grown urgent as
the bankrupt company’s funds dwindle and no signs emerge that it
is winning a fight for insurance payouts after a June blaze at
the plant, according to court documents and bankruptcy experts.
Philadelphia Energy Solutions’ oil refinery has grown urgent as
the bankrupt company’s funds dwindle and no signs emerge that it
is winning a fight for insurance payouts after a June blaze at
the plant, according to court documents and bankruptcy experts.
Posted by Reuters