06 March 2012 14:55 [Source: ICIS news]
LONDON (ICIS)--The administrators of Petroplus’s business in the ?xml:namespace>
If refinancing and restructuring is impossible, they will sell or close the 220,000 bbl/day refinery, they said.
Administrators Steven Pearson and Stephen Oldfield, from UK offices of PriceWaterhouseCoopers (PwC), did not disclose how much money they are seeking for the refinery or with which potential buyers they may be negotiating.
“We do not disclose that information,” PwC spokeswoman Katherine Howbrook said.
In their proposal, the administrators said that Petroplus’s
Switzerland-based Petroplus filed for insolvency in January after lenders froze about $1bn in credit lines in late December. The insolvency affected Petroplus’s five refineries in Europe, including the one in the
Last week, Petroplus administrators in
Earlier, Shell agreed to help fund the restart of Petroplus’s 161,800 bbl/day refinery at Petit Couronne, France. Meanwhile, administrators in
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections