State Helps Delta Buy Refinery

Governor Tom Corbett today announced that commonwealth support will enable Delta Air Lines' wholly-owned subsidiary, Monroe Energy LLC, to acquire the ConocoPhillips refinery in Trainer, preserving hundreds of direct jobs and thousands of jobs in related industries.

Monroe will receive a $30 million Opportunity Grant from the Department of Community and Economic Development for job creation and site improvements. Financial support is contingent upon the company investing at least $350 million at the project site, including acquisition costs, and employing at least 402 full-time workers on-site for at least five years from the date of occupancy.

In addition to direct jobs, an economic impact study conducted by the Department of Labor and Industry reported that every 100 direct jobs at the refinery support 1800 indirect jobs.

Pictured with Corbett is Delta president, and St. Bonaventure University graduate, Ed Bastian. Provided by Commonwealth Media Services

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