19 June 2012 20:31 [Source: ICIS news]
LONDON (ICIS)--The failure to prevent the closure of the 220,000 bbl/day refinery at Coryton in Essex is largely the fault of the ?xml:namespace>
“The failure to find a buyer for the refinery is lamentable given the high level of initial interest and the success elsewhere in
“And the real failure is that of the government – whilst the French immediately put in state aid to support their refinery [at Petit Couronne] in trouble, the British government has not even formally consulted the European Commission about the option of state support,” Howitt said.
“I hope a last minute rescue is possible as no one wants to see these jobs lost and the refining capacity lost to the
"Coryton is a highly regarded refinery operation and it would be a sad day to see the plant used solely as a storage facility,” he said.
Switzerland-based Petroplus filed for insolvency in January after lenders froze critical credit lines. The insolvency affected Petroplus’s five refineries in Europe, including the one in the
The company's refineries in
Additional reporting by Leigh Stringer
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