Petroplus
Encyclopedia
Petroplus Holdings AG
is Europe
's largest independent oil refiner.
. In August 1998, it was listed on the Amsterdam Stock Exchange
. In May 2000, it bought the Cressier Refinery, in Cressier
, Switzerland from Shell Switzerland
. In December 2000, it bought the Teesside Refinery
in Port Clarence
from Phillips Petroleum Company. In April 2005, it was delisted from the Euronext Amsterdam
stock exchange when the company was acquired by a holding company. In May 2006, it bought the BRC Antwerp Refinery for $511m from Sovereign Holding Ltd (Bermuda
). In November 2006, the company went public on the Swiss Stock Exchange or SWX. In March 2007, it bought the Ingolstadt Refinery from ExxonMobil
for $425m. In June 2007, it bought the Coryton Refinery near London from BP
for $1.4bn. In April 2008, it bought the Petit Couronne and Reichstett Vendenheim Refineries, located in France from Shell for $785m.
BRC Refinery has the following processing units:
Crude 109 barrels (17.3 m³)
Vacuum 55 barrels (8.7 m³)
HDS (Naphtha)
Naphtha Fractionater
HDS (Gas/Oil) 29 barrels (4.6 m³)
Reformer ( CCR ) 9 barrels (1.4 m³)
Sat Gas Plant ( Benzene )
Isomerization 2 10 barrels (1.6 m³)
Visbreaker 20 barrels (3.2 m³)
LPG Recovery
SRU
CHP ST 01
Blending
Diesel Hydrotreater 29 barrels (4.6 m³)
Aktiengesellschaft
Aktiengesellschaft is a German term that refers to a corporation that is limited by shares, i.e. owned by shareholders, and may be traded on a stock market. The term is used in Germany, Austria and Switzerland...
is Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
's largest independent oil refiner.
History
When the company first formed in 1993 it was known as Petroplus International N.V. being based in the Netherlands. In 1997, it acquired the Antwerp N.V. Refinery from the Daewoo GroupDaewoo
Daewoo or the Daewoo Group was a major South Korean chaebol . It was founded on 22 March 1967 as Daewoo Industrial and was dismantled by the Korean government in 1999...
. In August 1998, it was listed on the Amsterdam Stock Exchange
Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. It merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.-History:...
. In May 2000, it bought the Cressier Refinery, in Cressier
Cressier, Neuchâtel
Cressier is a municipality in the district of Neuchâtel in the Swiss canton of Neuchâtel.-Geography:Cressier has an area, , of . Of this area, or 28.1% is used for agricultural purposes, while or 54.6% is forested...
, Switzerland from Shell Switzerland
Royal Dutch Shell
Royal Dutch Shell plc , commonly known as Shell, is a global oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the fifth-largest company in the world according to a composite measure by Forbes magazine and one of the six...
. In December 2000, it bought the Teesside Refinery
Teesside Refinery
The Conocophillips oil and gas Refinery, sometimes referred to as Teesside Refinery, is situated just south of Seaton Carew on the River Tees in north east England....
in Port Clarence
Port Clarence
Port Clarence is a small village now within the borough of Stockton-on-Tees and ceremonial county of County Durham, England. It is situated on the north bank of the River Tees, and hosts the northern end of the Middlesbrough Transporter Bridge.-History:...
from Phillips Petroleum Company. In April 2005, it was delisted from the Euronext Amsterdam
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
stock exchange when the company was acquired by a holding company. In May 2006, it bought the BRC Antwerp Refinery for $511m from Sovereign Holding Ltd (Bermuda
Bermuda
Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...
). In November 2006, the company went public on the Swiss Stock Exchange or SWX. In March 2007, it bought the Ingolstadt Refinery from ExxonMobil
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
for $425m. In June 2007, it bought the Coryton Refinery near London from BP
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
for $1.4bn. In April 2008, it bought the Petit Couronne and Reichstett Vendenheim Refineries, located in France from Shell for $785m.
BRC Refinery has the following processing units:
Crude 109 barrels (17.3 m³)
Vacuum 55 barrels (8.7 m³)
HDS (Naphtha)
Naphtha Fractionater
HDS (Gas/Oil) 29 barrels (4.6 m³)
Reformer ( CCR ) 9 barrels (1.4 m³)
Sat Gas Plant ( Benzene )
Isomerization 2 10 barrels (1.6 m³)
Visbreaker 20 barrels (3.2 m³)
LPG Recovery
SRU
CHP ST 01
Blending
Diesel Hydrotreater 29 barrels (4.6 m³)
Refineries
- Coryton RefineryCoryton RefineryCoryton Refinery is an oil refinery in Essex, England, situated on the estuary of the River Thames some from the centre of London.The refinery is located between Shell Haven Creek and Hole Haven Creek, which separates Canvey Island from the mainland....
(UK) - Antwerp N.V. Refinery (Belgium)
- BRC Antwerp (Belgium)
- Cressier Refinery (Switzerland)
- Teesside RefineryTeesside RefineryThe Conocophillips oil and gas Refinery, sometimes referred to as Teesside Refinery, is situated just south of Seaton Carew on the River Tees in north east England....
(UK) - Ingolstadt Refinery (Germany)
- Petit Couronne and Reichstett Vendenheim Refineries (France)