Sunoco officials say they have decided to consolidate about 500 jobs into one new location in Newtown Square (Delaware County), starting in 2016.
The first trainload of crude oil arrived Wednesday from North Dakota’s Bakken shale region, only about a year after PES and the Carlyle Group took over the operation of the refinery complex from Sunoco.
Sen. Steve Sweeney’s legislation requires oil companies that shut down facilities to hand over any tax appeal proceeds to the state for environmental cleanup.
A Texas-based energy company has offered to buy Sunoco for $5.3 billion but says it will keep a strong Philadelphia presence.
An Indian company which announced plans to buy and dismantle the Sunoco “Eagle Point” refinery in Westville, NJ and move it overseas does not appear to have lined up financing for the project.
Union workers gathered outside Sunoco’s annual shareholders’ meeting in center city Philadelphia to voice fears that the company may close its two area refineries.