September 15, 2015 |
Stretching along either side of Marcus Hook's busy 10th Street, nearly 800 acres of industrial machinery tower above the placid waters of the Delaware River. Inside the complex, hundreds of construction workers bustle every day, their hammering and drilling echoing throughout the otherwise-quiet town. The sprawling facility in the tiny Delaware County borough of 2,400 wasn't always this way: Just three years ago, the complex - once the site of Sunoco Inc.'s oil refinery - sat largely vacant, its smokestacks extinguished, and most of its more than 500 workers long laid off. For as long as residents can remember, the refinery grounds that long belonged to Sunoco were not just a presence in the borough.
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.
June 13, 2015 |
After meeting behind closed doors in Harrisburg earlier this week, Gov. Wolf and state House Speaker Mike Turzai said little about their talks to find common ground on a new budget. But as both swung through the Philadelphia region Thursday, they left little doubt their gap was as wide as ever. Turzai, an Allegheny County Republican, used a stop in Delaware County to rip Wolf's plan to tax natural-gas drillers, a key plank in the Democratic governor's budget proposal. Fifty miles away, in Doylestown, Wolf and his wife sat with school officials extolling his plan to levy a 5 percent tax on extracted natural gas, which they say would raise about $1 billion for schools.
June 12, 2015 |
Chester County residents streamed into Brandywine Manor House in Honey Brook on Wednesday to tell Sunoco Logistics their objections to its plans to pursue additional rights of way for new pipelines in their neighborhoods. About 150 people came to an open house hosted by the energy firm to hear about the Mariner East 2 project, the second phase of a plan to transport liquefied natural gas from the Marcellus Shale region to Marcus Hook. The new project would largely follow the path of the company's first Mariner East project, which repurposed an 84-year-old pipeline.
June 6, 2015 |
Sunoco Logistics Partners disclosed Thursday that it plans to build an additional pipeline to deliver Marcellus Shale products to Marcus Hook, reflecting a growing market for liquid fuels derived from the region's shale drilling. The Philadelphia company said it now intends to build two pipelines simultaneously as part of its Mariner East 2 project. The project, announced in November, is the second phase of a plan to move materials including propane, butane, and ethane from Appalachian shale-gas fields to the Marcus Hook Industrial Complex southwest of Philadelphia.
May 15, 2015 |
West Goshen Township officials voted Wednesday to accept a settlement agreement that would limit Sunoco Logistics' pipeline construction but that critics say would make fighting future pipeline projects more difficult. The 5-0 decision by the Board of Supervisors came a month after the board tabled the vote after hearing from angry residents who wanted more from the deal with Sunoco Logistics. About 50 people attended Wednesday's meeting. After the April meeting, the board reviewed the agreement based on residents' concerns about safety and about the township's ability to contest future pipeline plans, said Theodore Murphy, vice chair of the Board of Supervisors.
May 4, 2015 |
Hundreds of feet beneath the former Sunoco refinery in Marcus Hook are five caverns carved from granite, excavated not by ancient geologic forces but by 20th-century miners. The first of the gigantic underground fuel storage caverns was built during the Cold War, partly to shield supplies from nuclear attack. The last was built after the 1973 energy crisis as a bulwark against capricious oil importers. Now, decades later, the national debate focuses on American energy exports, not imports, and the caverns have assumed new importance in response to the nation's changing energy fortunes.
February 7, 2015 |
The $3 billion Mariner East project linking the Marcellus Shale region to the Philadelphia area is expected to generate widespread economic benefits, according to a study released Thursday by the pipeline's builders. The study, by Econsult Solutions Inc., says the project will generate a one-time economic impact of $4.2 billion to Pennsylvania's economy, support more than 30,000 jobs during the two-year construction period, and create about 300 to 400 permanent jobs. Econsult said a "majority" of the economic impact would be in Southeastern Pennsylvania, where the project's builder, Sunoco Logistics Partners L.P., is developing the former Marcus Hook refinery in Delaware County to receive, store, and process the liquid fuels that will be delivered through the cross-state pipeline.
February 6, 2015 |
Sunoco Logistics Partners L.P., which has irked a number of community groups with its cross-state pipeline plans, has done it again by holding community events that appear to be open only to a select audience. Environmental groups on Wednesday expressed outrage over a series of "open houses" Sunoco is conducting to explain its Mariner East 2 pipeline project, which would deliver natural gas liquids from the Marcellus Shale to Marcus Hook. Sunoco sent out invitations to its latest "community open house," set for Wednesday night at a fire hall in Mechanicsburg, Pa. "Please note this invitation is for landowners and local officials directly impacted by the project on their property and is not transferable," the letter states.
February 5, 2015 |
Buoyed by the rebirth of the Marcus Hook refinery site, the Delaware County Council on Tuesday said it would commission a $100,000 study to examine new industrial uses linked to the emerging Marcellus Shale energy hub. County officials announced the study after touring the 800-acre former Sunoco refinery site, which Sunoco Logistics Partners L.P. is rebuilding into an industrial complex connected to the shale-gas region by the company's Mariner East...