(MENAFN) Delta Air Lines (DAL) sealed the deal to buy the Trainer, Pennsylvania, refinery from Phillips 66, as it seeks to cut down fuel costs, Reuters reported.
By taking over the refinery, DAL has put the shuttered 185,000 bpd plant back into business, cooling concerns of a fuel supply shortfall in the US Northeast.
DAL's unit Monroe Energy, which will run the plant, will start maintenance at the shuttered plant after the July 4 holiday to restart fuel production in the fall.
Monroe will spend USD100 million to revamp the refinery, with the aim to boost jet fuel output to 52,000 bpd and cut back on production of gasoline.
Approximately 400 workers employed at Trainer before it was idled will be brought back to the plant, Delta said.
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