If the refinery is extremely old and outdated, then it should be demolished.
If it can be rehabilitated, the upside potential is massive.
They have found possible oil in the Utica Shale that could change the entire landscape in Western PA and Eastern OH.
Original age of the refinery really doesn’t matter. We have refineries that started about 100 years ago that are modern operating units.
Trainer receives crude oil by tanker from West and North Africa and Canada. The refinery facilities include fluid catalytic cracking, hydrodesulfurization units, a reformer and a hydrocracker that enable it to produce a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include home heating oil and low-sulfur fuel oil. Refined products are primarily distributed to customers in Pennsylvania, New York and New Jersey via pipeline, barge and railcar.