Monroe Energy, wholly owned by Delta Airlines, is a refinery located in Trainer, PA. On June 22, 2012, Monroe Energy, LLC (Monroe) and its affiliate MIPC, LLC purchased the Trainer refinery complex from the Philips 66 Company and its affiliate. At the same time, Monroe entered into strategic supply and marketing arrangements with BP and Philips 66. The purchase price for the assets was $180 million and Monroe plans capital expenditures in the area of $100 million to modify the acquired assets to shift its product slate to maximize the production of jet fuel.
