Carlyle Group, Sunoco Form Refinery Joint Venture

摘要

Asset manager The Carlyle Group LP (New York, N.Y.) and Sunoco Inc. (Philadelphia) said July 2 they had agreed to form Philadelphia Energy Solutions, a joint venture to enable Sunoco's Philadelphia refinery to continue operating. The refinery processes 330,000 bbld of oil and was scheduled to shut down in August. The joint venture is expected to save 850 jobs, secure the region's fuel supply by continuing the flow of 10 MMgal. of various fuels, and create 100 to 200 new, permanent jobs, as well as thousands of construction jobs. The transaction is expected to close in the third quarter of this year. Financial terms were not disclosed.