Judge approves Philadelphia Energy Solutions refinery sale

WILMINGTON, Delaware (WPVI) -- Hilco Redevelopment Partners officially acquired the Philadelphia Energy Solutions refinery on Thursday.

The Chicago-based real estate developer won the bid to acquire the 1,300-acre refinery that was the site of an explosion and fire back in June.

A bankruptcy hearing was held on Wednesday in Wilmington, Delaware to determine the future of the Philadelphia Energy Solutions site in South Philadelphia.

A judge formally approved the sale Thursday afternoon.

Philadelphia Energy Solutions shut down following a June 21, 2019 fire and explosion and declared bankruptcy shortly after.

The refinery was the largest oil-processing facility on the East Coast and had been in operation for 150 years.

Philadelphia Energy Solutions files for bankruptcy after refinery explosion and fire. Watch this report from Action News Mornings on July 22, 2019.