Vopak, Greenergy, Shell Complete Purchase Coryton Refinery
October 01 2012 - 2:30AM
Dow Jones News
Royal Dutch Shell Plc (RDSA.LN), Royal Vopak NV (VPK.AE) and
Greenergy Ltd. said Monday that they completed the acquisition of
the Coryton refinery in England, which was previously owned
bankrupt oil refiner Petroplus Holdings AG (PPHN.EB).
MAIN FACTS:
-The transaction follows the earlier announcement by the
consortium on 26 June 2012.
-The three companies plan to develop and invest in this facility
- to be named Thames Oil Port - to create a state-of-the-art import
and distribution terminal for oil products to be managed by
Vopak.
-The initial storage capacity will be around 500,000 cubic
meters (cbm), with potential to expand to up to 1 million cbm in
later stages.
-The transaction was completed on Friday Sept. 28 with PwC, the
administrator of Petroplus Refining & Marketing Limited.
- By Amsterdam Bureau, Dow Jones Newswires;
amsterdam@dowjones.com