Here is update from a contact on Sonoco’s plans to exit Refining & become Pipeline/Terminal/Retail operation. Good chance Philadelphia will be converted to terminal if it doesnt sell. Mentions sale of Toledo Refinery & Philadelphia Chem Plant.
Article also mentions none of its plants have cokers, and notes it spun off its Subsidary SunCoke Energy – Coal Coke producer for Steel industry.
<Note: SunCoke plant used make Pitch from Coal Tar for Aluminum Industry which used with green anode petcoke to make anodes for smelters – after Environmentally required BACT revisions to CoalCoke Furnace’s – it now burns coal tar as fuel for process. Just another process Alcoa/Alum. smelters failed to JV invest and preserve critical raw material producer..>
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