Petroplus eyes options for French refinery
Petroplus Holdings AG, Zug, Switzerland, is considering the sale of its 84,800-b/d refinery at Reichstett, France.
By OGJ editors
HOUSTON, Apr. 1 -- Petroplus Holdings AG, Zug, Switzerland, is considering the sale of its 84,800-b/d refinery at Reichstett, France.
Citing “required future capital investments at the site,” the company said it will “evaluate strategic alternatives, including the potential sale of the refinery.”
It said it plans to operate the refinery and “make the necessary investments required for compliance with environmental, health, and safety standards” while conducting its review.
Petroplus bought the Reichstett refinery and the 161,800-b/d Petit Couronne refinery in France from Royal Dutch Shell PLC in 2008.
According to Oil & Gas Journal’s Worldwide Refining Survey, the Reichstett refinery’s processing capacities include 17,750 b/cd of thermal cracking, 13,420 b/cd of fluid catalytic cracking, 12,900 b/d of semiregenerative cat reforming, and 20,200 b/cd of cat hydrotreating for reformer feed (OGJ, Dec. 21, 2009, p. 46).