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USW cheers on PES’ latest potential suitor, the former CEO

PHILADELPHIA (KYW Newsradio) —  The United Steelworkers are reacting to news that the former CEO of the PES refinery is making a bid on the bankrupt plant.

Ryan O’Callaghan, former president, now spokesman of USW Local 10-1 says the union is pleased that Phil Rinaldi has emerged from retirement, and plans to bid on the refinery and reopen it.

“We hope he moves forward with it. He started PES, he founded the company, he had a vision, and he was unable to push that vision forward, and now he’s at it again, so we’re certainly pleased Phil’s back at it. No doubt about it.”

Rinaldi has formed Philadelphia Energy Industries, and is partnering with RNG Energy Solutions.

O’Callaghan says that’s a good combination to resurrect the plant and embrace the changing face of energy.


“We’re hopeful that both the conventional refining and the new green, refining part, biofuels, get together and we can move forward with the same level of employment.”

He says PES employed 1,300 people — salaried, management and union, at one time.

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