Refinery Troubles Along The Delaware River
Saturday, December 26th, 2009The flailing economy is hurting the refinery business along the Delaware River within a 50 mile radius of Philadelphia, PA. For instance, the Eagle Point Refinery has been owned by Texaco, Coastal Oil, and El Paso Corp. and now Sunoco.
In the fall, Sunoco announced it will stop refining operations and lay-off about 400 employees. Instead, Sunoco will used refined oil shipped in from overseas.
“They pay $7 million a year in taxes,” said Steve Sweeney, Democrat state senator. Sunoco is expected to be granted a relief on its property tax bill. “The local taxpayers are going to have to pick up that $7 million. It’s going to be a blow to this area, boy.”
