Article archive for Petroplus;
Administrators PriceWaterhouseCoopers (PwC) said on June 18 around 180 staff would be laid off at the Coryton refinery east of London next week. Workers were told about the layoffs at a meeting at which it was also announced there would be further redundancies at the end of July, a union source told Reuters. This would mean the vast majority of the 850 jobs on site would be lost, according to the news agency....
The Coryton refinery in Essex is to close, according to administrators PwC. Its Swiss owner, Petroplus, filed for bankruptcy earlier this year. There are likely to be a "substantial" number of redundancies among the 500 workforce, PwC said, while around 350 contractors will learn their fate within the next few days....
Reports on February 9 said Swiss trading house Vitol and two other companies were interested in leasing the UK's Coryton refinery from administrators PwC, who have been looking for a buyer since owner Petroplus went into administration at the end of December....
Petroplus Holdings AG (SIX: PPHN) has announced that its subsidiaries in the United Kingdom, Petroplus Refining & Marketing Ltd. (“PRML”), which owns the Coryton refinery, and Petroplus Refining Teesside Ltd., which owns the Teesside Marketing & Storage
facility, applied for and were granted administration orders....
Europe’s independent refiner and wholesaler of petroleum products has commissioned global energy management specialist Schneider Electric to upgrade the low voltage equipment at Coryton Refinery in Essex, England....