According to the company, the refinery has a crude oil throughput capacity of 172,000 barrels of oil per day and can run up to an additional 70,000 barrels per day of other feedstocks.
The refinery’s major units include atmospheric and vacuum distillation units, a catalytic reformer, a fluid catalytic cracking unit and several hydrotreating units.
Thomas O’Malley, chairman and CEO of Petroplus, said: With the Coryton refinery, we are adding an additional 55% of refining capacity while increasing the overall complexity of our refining system. This facility is well situated within our North Sea Refining system and should provide for synergistic opportunities with our existing refining and processing assets in Belgium and the UK.
Petroplus’ acquisition of the refinery, including inventory and other adjustments, totaled approximately $1.6 billion. The company’s CFO, Karyn Ovelmen, said that, after financing the purchase, the company’s outstanding debt is approximately $1.6 billion.
Mr O’Malley concluded: The addition of Coryton is a tremendous achievement for our company and we are very pleased to add a refinery of its size and capabilities, along with a highly qualified workforce, to our company.
The Coryton refinery will add to Petroplus’ four other refineries in Europe, which are located in Ingolstadt in Germany, Antwerp in Belgium, Neuchatel in Switzerland, and Teesside in the UK. The refineries have a combined throughput capacity of approximately 625,000 barrels per day.
