Consortium completes purchase of Coryton Refinery

The consortium of Royal Dutch Shell Plc, Royal Vopak NV, and Greenergy Ltd., announced recently that they have completed the acquisition of the Coryton refinery in England, which was previously owned by bankrupt oil refiner Petroplus Holdings AG. The new owners plan to develop and invest in this facility to create a state-of-the-art import and distribution terminal for oil products to be managed by Vopak, calling it by its new name, Thames Oil Port. Initial storage capacity will be around 500,000 cubic meters (cbm), with potential to expand to up to 1 million cbm in later stages. (October 1, 2012)