Petroplus plans to close Reichstett refinery

Oct. 21, 2010
Petroplus Holdings AG, Zug, Switzerland, has taken the first step toward closing its 84,800-b/d refinery at Reichstett, France.

By OGJ editors
HOUSTON, Oct. 21
-- Petroplus Holdings AG, Zug, Switzerland, has taken the first step toward closing its 84,800-b/d refinery at Reichstett, France.

The company said efforts to sell the refinery had failed (OGJ, Apr. 12, 2010, Newsletter).

“In the current challenging refining market and capital-constrained environment, the company cannot justify further sizeable capital investments in the plant,” it said in a statement.

Petroplus told labor officials it will start formal consultations leading to a proposal of terms for halting refining operations and converting the facility into a terminal.