Mar 26, 2012

Rescuing America’s Industrial Base

Blackstone’s Rescue of the Delaware City Refinery Saved Hundreds of Jobs and has the Potential to Create Thousands More

At a time when much of America’s industrial base is struggling to survive, Blackstone was able to help reopen a shuttered refinery in Delaware City, which was shut down by a previous owner in 2009. Blackstone and its partners provided the capital and operational expertise to restart the refinery, implement a complete turnaround of the facility, save and create thousands of jobs, and ultimately impact the economic health of the surrounding community. This is an example of the positive impact private capital can and should have on restarting America's industrial base.  

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