07 - 10 - 2012 Governor enables acquisition of some of Philly refinery
Governor Tom Corbett today announced that commonwealth support will enable Braskem America to acquire a portion of Sunoco's Marcus Hook refinery, preserving hundreds of jobs and keeping the company's operations and North American headquarters in southeast Pennsylvania. When Sunoco announced it would be closing its Marcus Hook oil refining facility, it but Braskem's entire Pennsylvania operations, including its Philadelphia headquarters, at risk of moving to a neighboring state or to their plants already located in other states. Braskem's acquisition of the splitter assets at Sunoco's Marcus Hook refinery secures a feedstock supply from multiple sources that ensures its continuing operations in Pennsylvania. Braskem will process propylene through the splitter assets for use in adjacent polypropylene plant. Polypropylene is a thermoplastic polymer used in a wide variety of applications including automotive, housewares, packaging and textiles.