Delta Air Lines to buy Trainer refinery from Phillips 66

05/07/2012
A Delta Air Lines Inc. subsidiary has agreed to buy the 185,000-b/d Trainer, Pa., refinery near Philadelphia from Phillips 66 Co. for $180 million, the companies reported Apr. 30. Delta said Monroe Energy LLC is buying the refinery to reduce the airline's fuel costs, and will convert the installation to primarily produce jet fuel. The Delta unit said the acquisition includes pipelines and other transportation assets, which will provide access to Delta's jet fuel delivery network throughout the US Northeast, including the airline's hubs at LaGuardia and JFK airports in New York City. Monroe also agreed with Phillips 66 and BP PLC to exchange gasoline, diesel fuel, and other products from t...
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