Philadelphia Energy Solutions (PES) has put its 330,000-barrel-per-day refining complex up for sale, Reuters reports. Sources say the firm has sent detailed financial statements to several potential suitors, and has offered them the opportunity to split up the two plants that comprise the site. PES, however, told Reuters it had not heard the “rumors” of a possible sale.
PES held talks with various companies last year, but could not agree with them on the valuation of the plant. The company also postponed a planned $1.3 billion IPO for the refinery last September.
Last week it was reported that Chevron and Shell are looking to sell their refineries in British Columbia and California, respectively.
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