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Petroplus, Coryton refinery

PRESS RELEASE

24 January 2012

Petroplus Holdings in Switzerland, the parent company of legal entities that own a number of European refineries including Coryton, Essex, announced today that it was preparing to file for insolvency in Switzerland. The group said similar steps will be taken elsewhere.

We await further information upon how this may impact operations at Coryton. UKPIA and its member companies will be working with the Department of Energy and Climate Change to try and ensure that any potential impacts upon supplies are minimised.

Ends

Enquiries to: Nick Vandervell, UKPIA Tel. 020 7269 7604
  
Notes to editors:
 
UKPIA represents ten oil refining and marketing companies that operate the 8 major oil refineries in the UK; the refineries processed 73 million tonnes of crude oil and produced 75.4 million tonnes of refined products in 2010 (Source: DECC- DUKES data). UKPIA members also own around 2,200 of the 8,787 filling stations in the UK.

  1. Coryton is situated 30 miles from London, on the Thames Estuary, well located for deep water, road and rail facilities. It is a complex refinery with various processing units that give it a capacity of over 9 million tonnes per year, with the ability to process 172,000 barrels of crude oil per day and 70,000 barrels of other feedstocks. Crude oil storage amounts to 4 million barrels, with five jetties capable of handling tankers up to 250,000 ton deadweight. Products are moved by road, water and pipeline (nearby connection to the UKOP Thames/Mersey pipeline). On 1st June 2007, BP completed the sale of the refinery, adjacent terminal and bitumen business to Petroplus Holdings, Switzerland.
  2. Facts and figures
    Refining capacity: 10 million tonnes per year
    Output: Accounting for approximately 10%  of the UK fuels’ market
    36% - Petrol
    27% - Diesel
    11% - Kerosene & Jet Fuel
    17% - Fuel Oil
    04% - Lubes & Specialities
    03% - Bitumen
    02% - LPG
     

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