Preferred Sands LLC is said to be a frontrunner to buy Sunoco's (SUN) Philly refinery, according...

|About: Sunoco LP (SUN)|By:, SA News Editor

Preferred Sands LLC is said to be a frontrunner to buy Sunoco's (SUN) Philly refinery, according to sources, with Preferred Sands' parent company confirming it made a "very substantial bid" for the 335K barrels/day refinery. Sunoco has said it will idle the plant on July 1 if it hasn't been sold by then.