Royal Dutch Shell PLC, Greenergy, Koninklijke Vopak N.V. Complete Purchase Petroplus Holdings AG's Coryton Refinery-DJ


Monday, 1 Oct 2012 02:00am EDT 

Dow Jones reported that Royal Dutch Shell PLC, Koninklijke Vopak N.V. and Greenergy Ltd. said Monday that they completed the acquisition of the Coryton refinery in England, which was previously owned Petroplus Holdings AG. The transaction follows the earlier announcement by the consortium on June 26, 2012. The three companies plan to develop and invest in this facility - to be named Thames Oil Port - to create import and distribution terminal for oil products to be managed by Vopak. The initial storage capacity will be around 500,000 cubic meters (cbm), with potential to expand to up to 1 million cbm in later stages. The transaction was completed on September 28 with PwC, the administrator of Petroplus Refining & Marketing Limited. 

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