ChatterBank0 min ago
Coryton closing down
As they supply 1/10th of UK garage fuel how soon before we get a large increase in petrol/diesel due to the closure?
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who has said it is closing down - production is continuing....
Coryton is profitable and will be easily sold.
There may be a rescue package by the majors (esp BP and Calor) to ensure operations continue.
I dealt with the original(Dutch) owners of Petroplus, they sold the company on and what a shame it must be for them to see it in this state in Switzerland - in short, over-leveraged in the name of acquisitional growth.
Coryton is profitable and will be easily sold.
There may be a rescue package by the majors (esp BP and Calor) to ensure operations continue.
I dealt with the original(Dutch) owners of Petroplus, they sold the company on and what a shame it must be for them to see it in this state in Switzerland - in short, over-leveraged in the name of acquisitional growth.
BBC 1 news - in administration, thousand jobs at risk (well poss some as 1000 sounds a lot of folk for that refinery - Stanlow nearly twice the size and with a large chemical plant, 800 employees) Exxon over twice the size and 1300.....
Production continuing/crude not coming yet but there will be 30+ days stock and UK reserves......
Production continuing/crude not coming yet but there will be 30+ days stock and UK reserves......
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