PHILADELPHIA (Reuters) – Philadelphia Energy Solutions (PES) is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar with the plans said on Tuesday. Shutting the refinery, the largest and oldest on the U.S. East Coast, would cost hundreds of jobs and squeeze gasoline supplies in the busiest, most densely populated corridor of the United States. The refinery, which could still change its plans, is also expected to begin layoffs of the 700 union workers at the plant as early as Wednesday, the sources said. The layoffs could include about half of the union workforce, with the remaining staff staying at the site until the investigation into the blast concludes, the sources said. PES is expected to file a notice of intent with state and federal regulators as early as Wednesday, setting in motion the process of closing the refinery, the sources said. A spokesperson for Philadelphia Energy Solutions on Tuesday night declined to comment on the potential closure and layoffs. The 335,000 barrel-per-day (bpd) complex, located in a densely populated area in the southern part of the city, erupted in flames in the early… continue reading
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