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What will be the outcome of PES's efforts to restart operations at the Philadelphia refinery by end of 2025?
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Resolution / Starting Odds
Restarted • 25%
Permanently closed • 25%
Sold to another company • 25%
Converted to non-refinery use • 25%
Official announcements from PES or local government about the refinery's operational status
Story
EPA Settles $4.2 Million with PES Over 2019 Philadelphia Refinery Explosion, Clean Air Act Violation
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 the 2019 explosion at its South Philadelphia refinery. This settlement resolves the last remaining Clean Air Act violation related to the incident. The explosion, which occurred in June 2019, had significant environmental and health impacts on the surrounding community. PES, which filed for bankruptcy following the explosion, has been under scrutiny for its handling of the refinery and the subsequent cleanup efforts.
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Redeveloped for commercial use • 25%
Converted to a public park • 25%
Remains a contaminated site • 25%
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EPA • 25%
Local Government • 25%
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EPA • 25%
Private Equity Firms • 25%
State of Pennsylvania • 25%
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Closed temporarily • 25%
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Logistics hub • 25%
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Rehired by Phillips 66 • 25%
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Logistics hub • 25%
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