NEW YORK/PHILADELPHIA—Philadelphia Energy Solutions filed for Chapter 11 bankruptcy protection, the company said on Monday, July 22, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.
Following the June 21 explosions and blaze, PES started shutting down the 335,000 barrel-per-day Philadelphia plant without a planned restart. Some 1,000 workers are being laid off.
