25 June 2012 17:30 [Source: ICIS news]
HOUSTON (ICIS)--Delta Air Lines has finalised the transaction to buy the idled Trainer refinery in Pennsylvania from Phillips 66 and will start a turnaround at the refinery in early July, a company spokesman said on Monday.
Delta’s wholly-owned subsidiary, Monroe Energy, completed the purchase of the 185,000 bbl/day Trainer refinery late on 22 June.
According to company spokesman Eric Torbenson, Monroe will start a turnaround at the refinery after the US 4 July holiday with plans to resume fuel production in the fall.
Monroe and Delta also brought back approximately 400 workers who had been idled at Trainer.
Delta bought the refinery through Monroe for $180m, which includes $30m it is receiving from the state of Pennsylvania.
($1 = €0.80)
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