A proposal to finance a move of Sunoco Inc.'s aging Eagle Point refinery from New Jersey to India is getting more unlikely each day.
A spokesman for the Export-Import Bank of the United States, who said on Monday that the bank had issued a nonbinding letter of interest to the Indian project sponsors, said Tuesday the bank's staff actually did receive an application in December from Amerind Petroleum Private Ltd.
The bank rejected the application to partly finance the $500 million dismantling and transport of the aging refinery last week, said bank spokesman Phil Cogan.