French court rejects bids for Petroplus refinery

16 April 2013 22:56  [Source: ICIS news]

LONDON (ICIS)--A French court on Tuesday rejected the two remaining bids for the 161,800 bbl/day Petroplus refinery at Petit-Couronne near Rouen, northwest of Paris.

Following the ruling, the refinery will be liquidated.

Neither bid offered sufficient guarantees to ensure the continued operation of the refinery, France’s ministry of industrial renewal said in a statement, citing the court ruling.

Petit-Couronne was one of five European refinery sites affected by the insolvency of Switzerland-based Petroplus in early 2012.

By: Stefan Baumgarten
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