Largest oil refinery on East Coast will close after fire

Largest oil refinery on East Coast will close after fire
Largest oil refinery on East Coast will close after fire

PHILADELPHIA (AP) — The owner of the largest oil refinery complex on the East Coast is telling officials that it will close the facility after a fire last week set off explosions and damaged the facility.

Philadelphia Mayor Jim Kenney said in a Wednesday statement that Philadelphia Energy Solutions has informed him of its decision.

Kenney says the more than 1,000 workers there will be impacted. A company spokeswoman isn't responding to a request for comment.

PES says the 150-year-old oil refining complex processes 335,000 barrels of crude oil daily. The refinery turns the crude into gasoline, jet fuel, propane, home heating oil and other products.

It started as a bulk petroleum storage facility in 1866, and began refinery operations in 1870.

The company emerged from bankruptcy last year after restructuring its debt.

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