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.

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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.

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

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