Renewable fuels producer eyes Philly refinery site.


A renewable fuels producer is taking a look at the Philadelphia Energy Solutions refinery site.

Reuters reported that S.G. Preston was interested in the site, with Preston posting the story on its website. Preston, which developing a renewable fuels plant in Ohio, has expressed an interest in acquiring refinry sites.

Philadelphia Energy site is currently going through a shutdown process with layoffs underway.

Preston would use refining equipment at the site to make diesel, renewable diesel and jet fuel from fats, oil, and grease from area sources, according to the Reuters story.

Biofuels, sometimes mixed with traditional fuels, offer lower pollution levels.

Airlines want to use biofuels in an effort to meet environmental goals, with Australian carrier Qantas planning to use Preston’s biofuels for flights from Los Angeles to the island continent. Airlines have few other options in reducing emissions.

Marine vessels, a major source of pollution, are also facing stiffer standards for fuels.

PBF’s Delaware City refinery is undertaking a $100 million project that will produce cleaner diesel.

Click on the headlinebelow for a link to the story from WHYY.

Renewable energy producer S.G. Preston interested in buying PES refinery

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