Philadelphia Refinery Goes to Hilco Affiliate for $240 Million

A Hilco Global affiliate is set to buy the shuttered Philadelphia Energy Solutions Inc. refinery for $240 million, court papers show.

• HRP Philadelphia Holdings LLC was selected as the winning bidder for refinery in an auction Friday
• The refinery, the biggest on the East Coast, was shuttered last year following an explosion and fire
  • The complex sits on an approximately 1,300 acre site about 2.5 miles from downtown Philadelphia
• Hilco Redevelopment Partners “maximizes the value of obsolete industrial sites,” according to its website
• The Philadelphia Inquirer reported Friday that Hilco was a finalist for the purchase
• The case is PES ...