Thread regarding Phillips 66 layoffs

Marathon close to deal for Alliance Refinery!

I was part of the layoff earlier this month and another large portion of the employees are set to depart next Wednesday. A rumor circulating at the site is that Marathon toured the facility recently and is close to a deal on purchasing the refinery. Any one “in the know” out there can confirm this?

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Post ID: @OP+1eZTGuE8

8 replies (most recent on top)

There are no buyers for this refinery and midstream has already started converting tanks for pipeline operations.

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Post ID: @nmtb+1eZTGuE8

@dzcd+1eZTGuE8 - you mention “ Local management and work force could not demonstrate a sustained reliable operation”, but the refinery manager was just pulled out of the site and promoted to “VP” - crazy how things work

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Post ID: @drzx+1eZTGuE8

Who was refinery management meeting with today? 👀

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Post ID: @dosi+1eZTGuE8

This makes no business sense at all. If Phillips won’t spend the money to repair the flood damage, why would anyone else? Sounds like a wishful thinking story planted by someone hoping for a miracle. Local management and work force could not demonstrate a sustained reliable operation to overcome crude slate disadvantages. This led to corporate not having faith to invest in capital improvements that perpetuated the spiral of decline.

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Post ID: @dzcd+1eZTGuE8

It seems reuters pulled this news out of their a-s….

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Post ID: @cemp+1eZTGuE8

Looks like something may be happening for you guys down there…. https://www.reuters.com/business/energy/top-us-refiner-evaluating-idle-phillips-66-plant-renewable-fuel-sources-2022-01-26/

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Post ID: @1glj+1eZTGuE8

I’ve heard the refinery is still for sale and their is still some interest from buyers, but no one seems to know who the interred parties are.

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Post ID: @xlc+1eZTGuE8

Hope someone buys it. Praying for you guys!

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Post ID: @cie+1eZTGuE8

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