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Trainer Refinery is an oil refining facility located in Trainer, Pennsylvania. The facility is downstream from the Port of Chester and fifteen miles southwest of Philadelphia along the Delaware River. Stoney Creek is along its northern perimeter. The Trainer Refinery is owned by Monroe Energy, LLC, a subsidiary of Delta Air Lines. Monroe Energy ...
Ruggles created Monroe Energy, acquiring the Trainer Refinery from ConocoPhillips for $180 million and invested over $100 million to bring the idled refinery back online. [23] Despite initial skepticism from business media, Monroe Energy became a success, with the refinery's earnings reaching a peak of $1.2 billion in 2022.
In April 2012, ConocoPhillips sold its Trainer Refinery to Monroe Energy LLC, a subsidiary of Delta Air Lines. [27] In May 2012, ConocoPhillips completed the corporate spin-off of its downstream assets as Phillips 66. [28] In 2012, the company began the process of divesting onshore and offshore assets in Nigeria.
Delta Air Lines took Wall Street by surprise when it decided to purchase an oil refinery in Trainer, Penn., from Phillips 66 last year. Since then, many observers have criticized the deal, arguing ...
Delta hopes to sell a joint-venture interest in its oil refinery in order to create a better hedge against changes in jet fuel refining margins. Delta Air Lines, Inc. Looks for a Partner for Its ...
The stream rises in Chester Township, and flows through City of Chester and Trainer, at times creating their border. It discharges at the Port of Chester on the northern perimeter of the Trainer Refinery [2] and south of Stoney Creek Yard. Historically it has been known a Middle Run and Stoney Run. [3]