Delta Air Lines Seeks Partner for Refinery in Trainer

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The Monroe Energy refinery in Trainer.

Delta Air Lines, the parent company of Monroe Energy, is considering selling a 49 percent stake in its Trainer refinery, but plans to continue operating it, writes Janet McGurty for S&P Global.

According to Delta CFO Paul Jacobson, Delta and Monroe are currently working with investment banks Barclays and Jefferies to “explore opportunities” to create the joint venture in Trainer. The goal is to improve the benefits the Trainer plant brings to the company’s fuel operations.

“Under any potential joint venture, Delta expects to retain an ownership stake in the Trainer refinery and ensure that it maintains current levels of jet fuel production,” said Jacobson. “A strategic partner would focus on gasoline, diesel fuel, and other products made in the refining process.

“While Delta is evaluating the projects, there will be no changes to refinery operations.”

The process should be finalized by the end of the year.

Read more about the plans for the refinery in Trainer from S&P Global by clicking here.

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