Royal Vopak, Greenergy and Shell UK Limited have completed on Friday 28 September the purchase of the assets of the former Coryton refinery with PwC, administrator of Petroplus Refining & Marketing Limited. The transaction follows the earlier announcement by the consortium on 26 June 2012.
The three companies plan to develop and invest in this facility - to be named Thames Oil Port - to create a state-of-the-art import and distribution terminal for oil products to be managed by Vopak. The initial storage capacity will be around 500,000 cubic meters (cbm), with potential to expand to up to 1 million cbm in later stages.
Royal Vopak is the world's largest independent tank storage service provider, specialized in the storage and handling of liquid chemicals, gasses and oil products. The company operates 83 terminals with a combined storage capacity of more than 29 million cubic meters in 31 countries. The terminals are strategically located for users along the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.
Greenergy is a major supplier of petrol and diesel to oil companies, supermarkets, bus and haulage companies, primarily Britain. Last year (April 11 to April 12) it supplied 10.9 billion litres of fuel, equivalent to more than fifth of all the road fuel in the UK. In order to supply its customers more efficiently, Greenergy has made a number of infrastructure investments in the UK over the past five years. These have included new import and manufacturing facilities at Vopak sites on the Thames estuary and in Teesside, as well as new storage facilities in Cardiff and Plymouth. The company has also recently acquired assets of the former Petroplus facility in Teesside from the joint administrators of Petroplus Refining Ltd, PwC.
Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam and New York stock exchanges. Shell companies have operations in more than 80 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.