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Oil refinery Philadelphia Energy declares bankruptcy after explosion and cost 1000 workers jobs




Less than a month after an explosion shook a refinery in South Philadelphia, the company that owns it has filed for bankruptcy.

It's the second filing of Philadelphia Energy Solutions in less than two years. According to Reuters, 1000 people who worked at the facility should be laid off.

The largest refinery on the east coast burst into flames at the end of June after the authorities said a butanvent worked. It took hours to tame the fire, which had residents sheltered in the better part of the morning.

That was the second fire on the plant that month.

In a statement, Mark Smith, CEO of Philadelphia Energy said the $ 1[ads1]00 million new finance agreement will "safely dismantle the refining business and, with the support of our insurance companies and stakeholders, position the company best for a successful reorganization, rebuilding it." damaged the infrastructure and a reboot of the refining business. , "Extremely disappointed for the more than one thousand who are immediately affected by this closure."

The Occupational Safety and Health Administration (OSHA), the Bureau of Alcohol, Tobacco, Firearms and Explosives, US Chemical Safety and Hazard Investigation Board and the Philadelphia Fire Department takes every role investigating the explosion.



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