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Petroplus Refining & Marketing Ltd, Coryton refinery

 
PRESS RELEASE

28th May 2012

UKPIA is saddened by the news from Price Waterhouse Coopers that PRML Coryton Refinery may cease refining operations shortly with the consequent risk of loss of jobs and supply infrastructure. Our thoughts are with the staff and contractors, many of whom have been employed at the site for several years, if not decades.

Chris Hunt, Director General of UKPIA commented: “UK and European refining is facing extremely challenging operating conditions and strong pressure on economic returns".

 

Ends

Enquiries to: Nick Vandervell, UKPIA Tel. 020 7269 7604

 

 

Notes to editors:

1. 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.

2. Coryton is situated 30 miles from London, on the Thames Estuary, well located for deep water, road and pipeline 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 AG, Switzerland.

3. 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

4. PwC contact

Katherine Howbrook

Government & Public Sector, Business Recovery and Economics, PR Manager, PwC

Tel: 020 7212 2711

 

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