Delta Air Lines Inc., whose daily 2011 fuel bill was $32 million, may buy a ConocoPhillips refinery to help save 10 percent on a significant portion of its fuel needs, a person familiar with the matter said.
Talks are under way about an idled ConocoPhillips facility in Trainer, Pennsylvania, said two people who declined to be identified because the discussions are private. Delta would get fuel from Trainer and from other refiners in exchange for products made there that Delta doesn’t use, one person said.
The Trainer facility, in suburban Philadelphia, has the capacity to refine 185,000 barrels of crude per day, according to ConocoPhillips. Gasoline accounted for more than half of the plant’s production capacity as of last year, the company said.