A redeveloper of industrial properties is slated to become the owner of the now shuttered Philadelphia Energy Solutions refinery.
The refinery, the largest in the Delaware Valley, was rocked by an explosion and fire last year, triggering the closing and the second Delaware bankruptcy for the owners of the site.
The transaction has not been confirmed by the company or the City of Philadelphia.
Reuters reported the sale to Hilco reduces chances that a portion of the refinery could reopen.
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The company continues to deal with an Environmental Protection Agency investigation into the fire and explosion which released toxic substances into the air.