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Article archive for Petroplus;

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Coryton likely to end up as storage facility 19 June 2012

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....

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Coryton refinery closure threatens 850 jobs 06 June 2012

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....

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Three companies said to be interested in Coryton refinery 10 February 2012

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....

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Petroplus announces administration orders 25 January 2012

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....

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Petroplus refines its technology with retrofit from Schneider Electric 08 March 2011

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....