Bloomberg News

Philadelphia Refinery Said to Shut Girard Point for 60 Days

December 11, 2012

Philadelphia Energy Solutions plans to close the Girard Point section of its Philadelphia refinery by the end of the month for 60 days, according to a person familiar with the work.

Girard Point is being shut for maintenance on process units, said the person, who asked not to be identified because the information isn’t public. The plant includes the No. 137 crude unit, which can process 200,000 barrels a day of crude.

The status of the refinery can affect spot and futures prices of products because the plant is the largest on the East Coast. It moves gasoline and distillate into New York Harbor, the delivery point for contracts traded on the New York Mercantile Exchange.

Cherice Corley, a Philadelphia-based spokeswoman for the refinery, declined in an e-mail to comment on operations.

Philadelphia Energy Solutions, the plant’s operator, is a joint venture of Carlyle Group LP (CG:US) and Sunoco Inc. The refinery can process 355,000 barrels a day of oil, according to the companies. It has two sections, which are known as the Girard Point and Point Breeze plants.

To contact the reporter on this story: Barbara J. Powell in Dallas at bpowell4@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • CG
    (Carlyle Group LP/The)
    • $33.76 USD
    • -0.33
    • -0.98%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus