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News

Stanlow – new long term working capital funding facilities

Essar Oil UK’s Stanlow refinery, which has reported ‘strong results and healthy financials’ produces approximately 15% of UK transport fuels, including three billion litres of petrol, 3.5 billion litres of...

News

New import terminal for oil products at Coryton

...maintenance, security, engineering, truck driving and construction”.   “To continue operating as a refinery, some hundreds of millions would have needed to be invested in the plant, and unfortunately this...

News

No deal for Coryton

In the absence of any serious buyer interest, Coryton’s fate now looks sealed.   DECC is, however, keeping in ‘close contact’ with PwC, as the refinery’s administrators look at further options...

News

Oil trader expands into physical assets

The world’s largest oil trader, Vitol has teamed up with Marcel Van Poecke, co-founder of Petroplus, to buy the Cressier refinery in Switzerland. Petroplus administrator, Wenger-Plattner reported last week that...

Interview

In Profile – Luc Smets

In the August edition of Fuel Oil News magazine, we chatted with Luc Smets, general manager at Prax Lindsey oil refinery, to discover more about the man behind the industry...

Analysis

World Fuel Services – spreading the word

...Tees refinery leaving no refinery between Grangemouth and Immingham.  Providing storage on the Tyne has enabled World Fuel to better serve the domestic, aggregate, mining and agricultural sectors in particular....

News

Milford Haven – frustration and regret

...had collapsed last week. “For the past four years we have worked tirelessly to secure a positive outcome for the future of the refinery and our workforce. Unfortunately, and despite...

News

A feeling of insecurity?

...in the US, Russia and Asia, although these regions themselves have had a few mixed years.  Many sources in the industry are predicting that further European refinery closures can be...
Grangemouth Petrochemical plant

News

Grangemouth attracts strong investment interest 

Following the closure of Scotland’s last oil refinery at Grangemouth, the Government has pledged £200 million through the National Wealth Fund to secure a long-term, sustainable future for the site....

News

Stanlow secures government backing

A new project that forms part of Essar’s plans to decarbonise the Stanlow Refinery in North West England has secured a £7.2m grant from the Industrial Energy Transformation Fund. The...

Insight

The climate emergency: a game of two halves

...discusses the implications of climate change and net- zero in the context of these regulatory frameworks including a consideration of climate change impacts on the Refinery and Fuels sector. The...