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Sun will retain Ohio refining/ marketing unit
Sun Co. Inc. last week disclosed it has called off plans for possible sale of its Toledo, Ohio, refining and products marketing system. Instead, the company will retain the system and strengthen it. Sun made the disclosure quickly after it failed to garner adequate bids for the 125,000 b/d Toledo refinery, a products pipeline running east and north from the refinery, 11 products terminals, and ownership or supply contracts with more than 900 Sunoco retail outlets. Bids, due Sept. 8, were below