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PES bankruptcy casts cloud over East Coast refining
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Report summary
Philadelphia Energy Solutions filed for Chapter 11 bankruptcy this morning, leading many to question the long-term viability of the refinery in a region that is continually pressured on refining margins. There are many different factors that will have an influence on operations continuing. In this inform we cover the implications of the deal and what it means for the refinery operationally and economically.
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