16 March 2012 17:57 [Source: ICIS news]
LONDON (ICIS)--The launch of 10% bioethanol blended gasoline (E10) in ?xml:namespace>
Thomas Gerber, general manager of Klesch Group’s Heide refinery near
The launch of E10 added to those overcapacities as it forced
The situation was especially hard for the Heide refinery, which does not have its own network of petrol stations and as such cannot influence drivers’ decisions at the pump, he added.
Last year, the Heide refinery had to pay €3.5m ($4.6m) in fines, ordered by
Switzerland-based industrial and trading group Klesch acquired the Heide refinery in 2010 from Shell.
In addition to refined fuels, the 4.5m tonne/year refinery also supplies feedstocks for the chemical industry.
In related news, Klesch said this week that it made an offer to acquire a refinery in
($1 = €0.76)
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