Local 10-1/PES Refinery Resources
PRESIDENT CONWAY'S LETTER TO MEMBERS OF LOCAL 10-1
The bankruptcy hearing and the sale of PES to Hilco Redevelopment Partners resulted in an outcome none of us wanted. Hilco does not intend to operate the facility as an oil refinery, and their ownership means the end of nearly all of the good, family-sustaining jobs we’ve fought so long and hard to keep. Make no mistake, we fought like hell.
Click here to download the rest of President Conway's letter to members of Local 10-1.
BANKRUPTCY HEARING OVERVIEW
The timeline for the PES bankruptcy auction is short, but eventful, beginning in Nov. 2019 and ending Feb. 12. In the weeks before the court finalized the sale, the USW was in talks with all of the keyplayers, including Philip Rinaldi and Industrial Realty Group (IRG).
Ultimately, however, neither Rinaldi nor IRG were able to line up the needed financing, and no one put forward a concrete, financed plan for restarting the refinery, leaving only Hilco.
The following details what occurred during the auction.
Click here to download the entire overview of the PES Bankruptcy hearing.
PREVIOUS USW STATEMENTS
Click here to read the Jan. 29, 2020, statement in response to reports that Industrial Realty Group (IRG) has teamed up with former Philadelphia Energy Solutions (PES) CEO Philip Rinaldi to reintroduce IRG’s bid and potentially resume operations at the shuttered refinery.
Click here to read the July 1, 2019, statement, "USW Oilworkers, Elected Officials to Discuss PES Refinery’s Future"
Click here to read the June 24, 2019, statement, "USW Affirms Commitment to Operation of PES Refinery after Fire"