September 30, 2013 |
On a brisk and sunny January day, in front of an oil refinery's circular white storage tanks, at the intersection of two of South Jersey's busiest roadways, Steve Sweeney embarked on a political odyssey unlike anything the state had ever seen. His goal, he told reporters gathered for his news conference, was to use his powers as the state Senate president to make sure the large refinery behind him finally got cleaned of contamination. But Sweeney wasn't just standing at a rundown refinery as New Jersey's highest elected Democrat, whose on-again, off-again relationship with Republican Gov. Christie affected statewide policy.
May 19, 2013
The Underlying Logic of the Office By Ray Fisman and Tim Sullivan Twelve. 320 pp. $26.99 Reviewed by Jane Von Bergen Delta Air Lines president Edward H. Bastian had good news for analysts gathered for a recent industry conference sponsored by JPMorgan. The airline, he told them, had a profitable quarter, the first in a decade. Why? In part because of savings from an oil refinery in Delaware County it bought from Conoco Phillips in 2012. An oil refinery? What's an airline doing running an oil refinery?
March 6, 2013 |
Shares of Delta Air Lines rose 5 percent after the carrier said Monday that it expected a second-quarter profit of $75 million to $100 million at its oil refinery in Trainer. Delta also said the current quarter would be the airline's first profitable March quarter since 2000. "Running an oil refinery, much like running an airline, is not for the faint of heart," Delta president Edward Bastian told a JPMorgan conference. He said operational issues kept the refinery at 75 percent capacity in January and February.
March 1, 2013 |
The oil refinery in Trainer owned by Delta Air Lines received its first shipment of Bakken crude oil from North Dakota on Feb. 12. The test shipment traveled in more than 100 rail cars to Albany, N.Y., where it was moved to a ship, and transported to Delta's docks in Trainer. "We are still evaluating our crude sourcing options. We don't currently have a facility to off-load from rail at Trainer," Delta spokesman Trebor Banstetter said. "If we decide to go ahead fully into the Bakken to get our crude, then we would invest in some rail facilities there, and it would come by rail all the way to the refinery.
January 12, 2013 |
U.S. Secretary of Agriculture Tom Vilsack is scheduled to visit King of Prussia on Friday for the opening of a new industrial-sugars production facility and to announce $7 million in funding for biofuels research at the U.S. Department of Agriculture's Eastern Regional Research Center in Wyndmoor. The new unit at Renmatix Inc. is designed to convert materials such as wood, agricultural residue, some types of grass, and other waste materials that do not compete with the food supply into sugars that can be further processed into industrial chemicals.
December 24, 2012 |
First, the neighbors came, passing out American flags as the wind whipped down Hollywood Drive in Magnolia. Then there were the local dignitaries, county freeholders, city council members, and state representatives. There was also the retired lieutenant colonel, a Vietnam veteran, in full regalia. There was the state police cruiser, turning down Hollywood Drive, lights flashing. Then came the motorcycles, roaring past the two fire trucks blocking traffic on this quiet residential street in Camden County.
September 24, 2012
"It is beyond belief that there are still people who would trade this progress for a return to the status quo. " - Gov. Corbett, referring to opponents of drilling for shale gas, in remarks at the Marcellus Shale Coalition convention in Center City. "I think it is disingenuous for the governor to dismiss his opponents as a fringe element of naysayers. " - David Masur of PennEnvironment, protesting outside the shale-gas convention. "We are really, really sad. I hope they call us back because these are really, really good jobs.
September 14, 2012
By Carrie Lukas The deal that saved a Philadelphia oil refinery was recently touted as an example of the Obama administration's success at saving jobs. But rather than bolstering the president's credentials as a steward of the economy, the story of the Sunoco refinery exemplifies the overregulation and politicization that are crippling U.S. businesses. Last year, Sunoco, having ceased production at its refinery in nearby Marcus Hook, warned that it would have to close the Philadelphia plant due to decreased demand and increased operating costs.
July 4, 2012 |
Workers are returning to the former ConocoPhillips refinery in Trainer, to begin steps toward resuming fuel production in September, a move that new owner Delta Air Lines hopes can cut its jet-fuel bill by $300 million a year. A Delta subsidiary, Monroe Energy L.L.C., closed on the $180 million purchase of the idled oil refinery on June 22. Three days later, the first workers arrived to begin a turnaround, which is a maintenance procedure, and to modify some units and do routine inspections.
June 29, 2012 |
A consultant on Wednesday said the best hope for Sunoco's idled Marcus Hook refinery site is to be reborn as a multipurpose energy processing facility, fueled by the growing output of natural gas from the Marcellus Shale drilling boom. Local officials yesterday presented a road map for what Delaware County Councilman Tom McGarrigle called the "economic second life for Marcus Hook," which looks remarkably like its first life – processing hydrocarbons extracted from the earth into fuel and chemicals.