June 2012

Trends and Resources

HP Impact: Delta Air Lines buys Trainer refinery complex

In a move that surprised observers in two industries, Delta Air Lines and its subsidiary Monroe Energy reached an agreement with Phillips 66 to acquire the Trainer refinery complex south of Philadelph..

Thinnes, Billy, Hydrocarbon Processing Staff

In a move that surprised observers in two industries, Delta Air Lines and its subsidiary Monroe Energy reached an agreement with Phillips 66 to acquire the Trainer refinery complex south of Philadelphia, Pennsylvania. As part of the transaction, Monroe will enter into strategic sourcing and marketing agreements with BP and Phillips 66. The acquisition includes pipelines and transportation assets that will provide access to the delivery network for jet fuel reaching Delta’s operations throughout the Northeast, including its hubs at LaGuardia and JFK. After receipt of $30 million in state government assistance for job creation and infrastructure improvement from Pennsylvania, Monroe

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