SECURITIES AND EXCHANGE COMMISSION
     
                 WASHINGTON, D.C. 20549
         _____________________________________
     
     
                        FORM 8-K
     
     
                     CURRENT REPORT
     
            PURSUANT TO SECTION 13 OR 15(d)
         OF THE SECURITIES EXCHANGE ACT OF 1934
                                                                        
                 
     
     
             Date of Report: April 16, 1996 
     
     
               PUBLICKER INDUSTRIES INC.
     (Exact name of registrant as specified in its charter)
     
     
                      Pennsylvania
                (State of incorporation)
     
     
                         1-3315                  23-0991870
              (Commission file number)           (I.R.S. Employer
     Identification No.)
     
     
     
            1445 East Putnam Avenue
         Old Greenwich, Connecticut                      06870
     (Address of principal executive offices)                   (Zip code)
             
     
     
     
     
                     (203) 637-4500
     (Registrant's telephone number, including area code)
     
          
Item 5.  Other Events
     
                   Publicker Industries Inc. announced on April 15,
                        1996 that Judge John P. Fullam of the U.S.
                        District Court for the Eastern District of 
                        Pennsylvania has entered
                        a Consent Decree that settles litigation among
                        the  Company, the U.S. Environmental Protection
                        Agency (the "EPA") and the Pennsylvania
                        Department of Environmental Protection ("PADEP"). 
                        This concludes litigation that was commenced
                        against Publicker and its subsidiary, American
                        Cryogas, in December 1990 relating to the
                        Company's former alcohol and carbon dioxide
                        manufacturing facility in Philadelphia,
                        Pennsylvania.
     
                   The $14,350,000 settlement provides for payments
                        of $13,350,000 to the EPA and $1,000,000 to
                        PADEP.  In April 1995, the Company deposited
                        $4,500,000 with the Court as payment of a portion
                        of the settlement with the EPA.  During the next
                        30 days the Company will make an additional
                        deposit with the Court of $4,500,000, and will
                        make an initial payment of $350,000 to the
                        Commonwealth of Pennsylvania.  The balance of
                        $5,000,000, plus interest, will be paid over the
                        next six years.  The Company recorded a charge of
                        $14,350,000 during 1993 to cover this settlement.
     
     Item 7.  Financial Statements and Exhibits
         
                   None
                        
                       SIGNATURES
     
     
     Pursuant to the requirements of the Securities  Exchange Act of
     1934, the registrant has duly caused this report to be signed on its
     behalf by the undersigned hereunto duly authorized.
     
     
     
     
     
     
                                                 PUBLICKER
     INDUSTRIES INC.
     
     
     
     
     
                                                 /s/Antonio L.
     DeLise               
                                                 Antonio L.
     DeLise
                                                 Vice
     President,
                                                 Chief
     Financial Officer
                                                 and Secretary
     
     
     
     Dated: April 16, 1996