(WTAJ) — The largest oil refinery on the U.S. East Coast has decided to file for bankruptcy
The move comes after a devastating fire last month.
In a statement, Philadelphia Energy Solutions blamed the June 21 explosion on its financial situation.
There were a few minor injuries, but the business suffered drastically due to property damage that forced the facility to close.
A spokesperson said the bankruptcy decision won’t impact the jobs of current employees.
This is the second time PES Energy has filed for bankruptcy in a year-and-a-half.
