The Trump EPA previously waived $350 million in biofuels compliance costs for PES after its initial bankruptcy in 2018.
As reported in Jan., Philadelphia-headquartered bioenergy developer SG Preston dropped its previously expressed interest in redeveloping the shut-down fire-damaged 335,000 bpd Philadelphia refinery, which is now being sold by creditors for $252 million and redeveloped under a bankruptcy court approved plan. (Source: Various Media,Reuters, May, 2020)
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The company's industrial site conversions will focus on re-developing these sites to produce renewable fuels and clean power, while also partnering with institutions with a track record of actively, and diligently remediating the environmental contamination of the sites, according to the company's website.
SG Preston's strategic goal is to develop 1.2 billion gallons of renewable biofuels to help major stakeholders in the transportation, aviation jet fuel and related industries meet their strategic goals, according to its website.
S.G. Preston earlier unveiled plans to buy the PES plant and to
(Source: SG Preston Website, Jan., 2020) Contact: SG Preston, Randy LeTang, CEO, (215) 278-6001, (215) 734-2401 – fax, www.sgpreston.com
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RNG is currently developing similar energy systems in Seattle, Boston and New Jersey.
(Source: RNG Energy Solutions, The Philadelphia Inquirer, 21 Sept., 2018)
Contact: RNG Energy Solutions LLC, Jim Potter, Pres., firstname.lastname@example.org, www.rngenergysolutions.com;
Philadelphia Energy Solutions, www.pes-companies.com
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