Delaware oil Refinery Has New Owner by Newark Delaware Realtor Larry Hultberg

Delaware oil Refinery Has New Owner by Newark Delaware Realtor Larry Hultberg

The Wall Street Journal is reporting Mr.Thomas O'Malley, CEO of Petroplus and PBF Energy Partners L.P has just purchased the Delaware City Refinery for 200 million dollars.

Mr. O'Malley sold the plant back in 2005 to Valero for 1.9 Billion and regains the refinery with all its assets such as prime location, ocean transport access, finished refinery product storage and up-to-date gasoline and diesel blending racks and, of course, pipe line connections along the East Coast and down to Lake Charles.

What a deal! Hundreds of Delaware workers are one step closer to going back to work!