Energy. Environment. Economy.

“Sunoco Announces Bidder for Philadelphia Refinery”

Sunoco has extended its self-imposed deadline to find a buyer and is now in talks with a private equity firm.

Sunoco Inc. is in talks with a global asset manager about a possible joint venture at its Philadelphia refinery, which is slated for closure if a buyer isn’t found. Sunoco announced Monday it has entered into “exclusive discussions” with The Carlyle Group about a possible joint venture involving the 330,000-barrels-per-day facility.

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