Puma Agrees To Clean Up Caribbean Petroleum Blast Site

Law360, New York (May 3, 2011, 1:37 PM ET) -- Puma Energy Caribe LLC on Monday agreed to address environmental concerns at a Puerto Rican petroleum refining facility rocked by a 2009 explosion, which Puma recently purchased from bankrupt Caribbean Petroleum Corp.

Under two proposed agreements, which the U.S. Environmental Protection Agency is opening for public comment until May 9, Puma would take certain steps to clean up the petroleum storage facility, now known as CAPECO, that was the site of a catastrophic explosion in October 2009, and ensure compliance with regulations at 147 gas stations...
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