Petroplus to shut down three refineries in January
Petroplus Holdings AG reported Dec. 30 it will start the temporary shutdown of three of its refineries in Europe next month after lenders froze a $1 billion credit facility.
The Zug, Switzerland-based independent refiner said it will start temporary economic shutdowns in January of its refineries in Petit Couronne, France, 161,800 b/d; Antwerp, Belgium, 107,500 b/d; and Cressier, Switzerland, 68,000 b/d, “given limited credit availability and the economic climate in Europe.”
Restart of the facilities, the company said, is “dependent on economic conditions and credit availability.”
Petroplus Holdings is the largest independent refiner and wholesaler of petroleum products in Europe. In addition to the three affected refineries, the company also owns and operates a 220,000-b/d refinery in Coryton, UK, and a 110,000-b/d refinery in Ingolstadt, Germany.
All five refineries have a combined throughput capacity of 667,300 b/d.
Contact Steven Poruban at [email protected].
Steven Poruban | Managing Editor-News
Steven Poruban was hired as staff writer for Oil & Gas Journal in October 1998. Two years later, he was promoted to senior staff writer. In October 2004, he was then promoted to senior editor. He now serves as managing editor-news.
Before working for OGJ, Steven was a reporter for Gas Daily and editor of Gas Transportation Report. He attended Boston University then transferred to and graduated from Ursinus College in Collegeville, Pa., with a BA in English in 1993.
