August 7, 2015 |
Three years after a brush with extinction, the former Sunoco refinery in South Philadelphia has increased dramatically in value under new owners and could be worth more than $1 billion. The private-equity firm Carlyle Group, which rescued the refinery in 2012 in a joint venture with Sunoco, on Thursday is launching an initial public offering of Philadelphia Energy Solutions Inc. on the New York Stock Exchange. The $250 million IPO would value the underlying refinery enterprise at $1.3 billion, if PES shares launch at $16.50.
March 12, 2016 |
Gov. Wolf on Thursday hailed the departure this week of the first ship containing Marcellus Shale ethane from Sunoco Logistic Partners' terminal in Marcus Hook as a "vital first step" in completing a cross-state pipeline to tap into Pennsylvania's new energy fortunes. "Sunoco Logistics is making a $3 billion investment in Pennsylvania's energy economy by keeping Marcellus Shale resources for manufacturing right here in Pennsylvania, rather than sending this business, revenue, and jobs to other states," Wolf said.
June 12, 1997 |
These are the ones that didn't get away. Joshua Boyd, 5, inspects the bait while his brother, Brian, 12, casts along the Delaware at Market Square Memorial Park in Marcus Hook. Today, the heat continues, but with a bonus: humidity.
December 6, 2013 |
Sunoco Logistics Partners L.P. announced on Wednesday it is seeking commitments from shippers for a separate and mostly new pipeline that would generally follow the path of its current cross-state Mariner East pipeline, which carries natural-gas liquid fuels from the Marcellus Shale region to Marcus Hook. The binding open season will test whether there is a market for project, which would be called Mariner East 2 and transport ethane and propane. The materials, primarily used in petrochemical production, are being exported from the former refinery site in Marcus Hook.
January 21, 2016
Ships carrying fruit, steel, and cars and other cargoes were up 5 percent last yearat private and public piers and terminals on the Delaware River, the Maritime Exchange for the Delaware River and Bay, a trade group, said Tuesday. Port facilities on the river handled 2,242 ships, compared to 2,135 in 2014. "We are finally starting to turn the corner after the 2008-2009 economic down turn," said Dennis Rochford, president of the Maritime Exchange. "Last year, saw the highest vessel arrival count since 2008.
August 10, 2014 |
Another European firm has signed a deal to buy Marcellus Shale gas liquids, advancing plans to build a second Pennsylvania pipeline to supply an export terminal in Marcus Hook. The Austrian petrochemical company Borealis said Thursday it had signed a 10-year contract to buy ethane produced from the Marcellus and Utica Shale formations. The liquid, a raw material in plastics production, would be piped across Pennsylvania and loaded onto ships bound for Sweden at a Sunoco Logistics Partners terminal in Marcus Hook.
September 3, 1992 |
Groundbreaking took place Sunday on a memorial dedicated to the memory of 183 Delaware County residents who died in the Vietnam War. Work on the $20,000 bronze-in-granite structure in Market Square Memorial Park in Marcus Hook was made possible by the efforts of the Delaware County Vietnam Veterans Memorial Project, founded by a group of area veterans.
March 18, 2013 |
A woman who operated what she called an animal rescue operation has been charged with 43 counts of animal cruelty after sick and underweight animals were found in her filthy Delaware County house, the Pennsylvania SPCA announced Friday. Last month, PSPCA officers, executing a search warrant, removed 28 dogs from Sixth Angel Shepherd Rescue Inc., which Terry Silva, 53, operated out of her Marcus Hook property. Many of the dogs - German shepherds and shepherd mixes - were ill, the agency said.
February 27, 2012 |
The head of Sunoco has met with officials in Marcus Hook to object to a zoning change that could limit the company's plans for its soon-to-be-closed refinery. Incoming Sunoco Inc. CEO Brian MacDonald met with local officials Wednesday, only hours before the local zoning board was to take up the issue, the Delaware County Daily Times reported. Later that night, the board voted in favor of an amendment that would restrict storage of petroleum products at the Marcus Hook site to only those manufactured there, which would severely limit the potential for bringing in imported refined products to store there.