Posts Tagged ‘Philadelphia Energy Solutions’

Refinery Closing to Cut CSX Crude Oil Traffic

June 28, 2019

CSX is expected to seen a drop in crude oil traffic following the closure of refinery near Philadelphia that sustained a massive fire last week.

The Philadelphia Energy Solutions refinery along the Schuykill River will be shut down by its owner. It is the largest refinery on the East Coast.

Some of the crude oil processed at the refinery originated in the Bakken oil field region of North Dakota on BNSF and was interchanged to CSX in Chicago.

The refinery was built in the 19th century and had a capacity of two 120-car unit trains per day, which would represent 40 percent of the refinery’s capacity of 335,000 barrels per day.

The rail unloading facility at the refinery was rebuilt in 2013 with financial help from the state.

In a statement, Philadelphia Energy Solutions said the damage caused by the fire “has made it impossible for us to continue operations.”

Trains magazine reported that some energy analysts said the refinery had slim slim profit margins and its closing is not surprising.