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Philadelphia Refinery Operations, a Series of Evergreen Resources Group, LLC, manages the legacy environmental investigation and remediation of the former Sunoco South Philadelphia Refinery, now known as Philadelphia Energy Solutions Refining Complex. The project, now called Tradepoint Atlantic, is operated in partnership with a Baltimore investment firm, Redwood Capital Partners.

Johnson said he expects Hilco will pursue an environmentally sustainable approach. Locator map of the refinery explosion on June 21, 2019, at the Philadelphia Energy Solutions refinery in South Philadelphia Tradepoint Atlantic near Baltimore, formerly the Sparrows Point Steel Mill, is being redeveloped into a commercial logistics center by Hilco Redevelopment Partners and another company. On June 21, 2019, part of the Philadelphia Energy Solutions refinery, the largest oil refinery on the East Coast of the United States, blew up. The U.S. Bankruptcy Court on Wednesday approved a settlement allowing Philadelphia Energy Solutions to pay a small portion of the millions of dollars it owes in unpaid renewable energy obligations, clearing a major obstacle facing the bankrupt South Philadelphia refinery’s reorganization. “We’re very cognizant of wanting to make sure that we can again put materials back in the best use possible,” Hecktman said. Along with funding from Hilco Global, Perez said a third partner, a private family investment fund, would have a passive stake in the project. So we’re not looking to make decisions Day One to get a return on Day Two. “The most important part of this deal is that coming into the transaction you’re coming in strong,” Perez said. “Hilco officials have assured me they will have a serious commitment to diversity and inclusion for the facility plus will make sure that as many local residents as possible get these new jobs,” he said. The site can accommodate up to 15 million square feet of e-commerce logistics centers, taking advantage of the rail and maritime infrastructure and the proximity to Philadelphia International Airport. HRP, one of about 20 operating units in Hilco Global, Hilco said the project to demolish and rebuild the site will create 8,000 union construction jobs and 10,000 permanent jobs. Hilco has chosen NorthStar Contracting Group Inc., a major demolition contractor with offices in Philadelphia, to conduct the demolition. The U.S. Bankruptcy Court has approved a settlement allowing Philadelphia Energy Solutions to pay only a small portion of its renewable fuel obligations. Hilco has promised to pay a $1.25 million annual payment to the Philadelphia School District in lieu of school taxes.
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