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Outcome of PES refinery site by end of 2025?
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Resolution / Starting Odds
Redeveloped for commercial use • 25%
Converted to a public park • 25%
Remains a contaminated site • 25%
Other • 25%
Official redevelopment plans or news reports
Story
EPA Settles $4.2 Million Claim with PES Over 2019 Philadelphia Refinery Explosion, $3 Billion Cleanup
Oct 8, 2024, 08:37 PM
The U.S. Environmental Protection Agency (EPA) has reached a $4.2 million settlement with Philadelphia Energy Solutions (PES) over violations of the Clean Air Act related to the 2019 explosion at its South Philadelphia refinery. This agreement resolves the final outstanding claim against PES, which has been bankrupt since the incident. The explosion had significant environmental repercussions, and this settlement aims to address the damages caused. The refinery, associated with a $650 million private equity firm, left a $3 billion cleanup disaster.
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Similar markets
Restarted • 25%
Permanently closed • 25%
Sold to another company • 25%
Converted to non-refinery use • 25%
Refinery operations • 25%
Industrial use • 25%
Commercial development • 25%
Residential development • 25%
Logistics hub • 25%
Residential area • 25%
Commercial space • 25%
Other • 25%
Fully operational • 25%
Partially operational • 25%
Closed temporarily • 25%
Permanently closed • 25%
Logistics hub • 25%
Residential development • 25%
Commercial space • 25%
Other • 25%
Yes • 50%
No • 50%
Minor issues found • 25%
Major issues found • 25%
No issues found • 25%
Audit not completed • 25%