Explosion points to major shutdown at 335K bpd facility
A fire at a Philadelphia refinery led to a massive explosion that sent shockwaves throughout the city at 4:20 am on Friday.
The Philadelphia Energy Solutions refinery is the largest and oldest refinery on the US East Coast, producing 335K bpd at max capacity. It emerged from bankruptcy last year but has continued to struggle. This might be the nail in the coffin.
The explosion was reportedly due to flames reaching butane tanks.
"Oh my gosh!" @NBCPhiladelphia cameras were rolling when an explosion took place at the burning South Philadelphia refinery complex earlier this morning. https://t.co/dXNbwNABkD pic.twitter.com/vrsS3JdUfU
— NBC Bay Area (@nbcbayarea) June 21, 2019
No injuries have been reported and the fire is now contained but not under control.
