The EU Refining consolidation/saga continues and here is another EU Refinery for S/D and conversion to terminal. Both the Petroplus 85MBD Reichstett Asphalt refinery near Strasberg was acquired from Shell in 2007 along with the 154MBD Pertit Couronne Refinery near Paris for total $475MM.
Petroplus had to shut the Reichstett Refinery in Sept 2009 due lack crude / ruptured 40inch crude P/L, the Fos-sur-Mer Port strike in Dec 2009, but has avoided problems with the French Union strike Oct 2010 at Fos Laverna Oil terminal — all of these have probably not helped Petroplus economic decision process for this refinery to survive.
India’s Essar was looking at several EU German refining plants at one time but Petroplus French Reichstett plant was not on their purchase list – or anyone else’s evidently.
Regards
