Petroplus

From Wikipedia, the free encyclopedia

Page Module:Message box/ambox.css has no content.Page Template:Multiple issues/styles.css has no content.

Page Module:Infobox/styles.css has no content.Page Template:Infobox company/styles.css has no content.

Petroplus AG
Company type
Public
SIX: PPHN
ISINScript error: No such module "WikidataIB".
IndustryScript error: No such module "WikidataIB".
PredecessorScript error: No such module "WikidataIB".
IncorporatedScript error: No such module "WikidataIB".
FoundedScript error: No such module "WikidataIB".
FounderScript error: No such module "WikidataIB".
DefunctScript error: No such module "WikidataIB".
SuccessorScript error: No such module "WikidataIB".
HeadquartersZug, Switzerland
Key people
Thomas D. O'Malley, CEO
Karyn F. Ovelmen, CFO
ProductsPetroleum
Natural gas
Motor fuels
Aviation fuels
ServicesService stations
RevenueScript error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Script error: No such module "WikidataIB".
Total assetsScript error: No such module "WikidataIB".
Number of employees
Script error: No such module "WikidataIB".
ParentScript error: No such module "WikidataIB".
Websitepetroplusholdings.com (defunct)

Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for deprecated parameters".

Petroplus Holdings AG was Europe's largest independent oil refiner by capacity.[1] When it was first formed in 1993, it was known as Petroplus International N.V., and was based in the Netherlands. In August 1998, it was listed on the Amsterdam Stock Exchange. In April 2005, it was delisted from the Euronext Amsterdam stock exchange when the company was acquired by a holding company. In November 2006, the company went public on the Swiss Stock Exchange.[2]

Acquisitions

In 1997, it acquired the Antwerp N.V. Refinery from the Daewoo Group.

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 May 2006, it bought the BRC Antwerp Refinery for $511m from Sovereign Holding Ltd (Bermuda).

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 Refinery and Reichstett Refinery, located in France from Shell for $785m.[3]

Financial problems

In December 2011 a $1bn credit line to the company was frozen by its bank lenders. The company was planning to shut down some refineries if negotiations to restore the credit failed. The chief executive said they would do all they could to avoid bankruptcy.[4] On 24 January 2012, Petroplus announced that they were filing for insolvency after it defaulted on $1.75bn of senior notes and convertible bonds.[5][6]

Former refineries

References

Page Template:Reflist/styles.css has no content.

  1. ^ "Heating Oil Gains on Speculation Europe Diesel Imports to Rise", Bloomberg Businessweek, Jan. 4, 2012
  2. ^ Page Module:Citation/CS1/styles.css has no content.Espana, Zaida; Falush, Simon; Kurahone, Ikuko (4 April 2012). "Petroplus: rapid rise and fall of a refiner". Reuters. Retrieved 9 October 2024.
  3. ^ Page Module:Citation/CS1/styles.css has no content.Bart, Katharina (August 2, 2007). "Petroplus to buy 2 French refineries from Shell". MarketWatch.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Swiss oil refiner Petroplus sees credit lines blocked". BBC. 2012-01-05.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Petroplus set to file for insolvency". FT. 2012-01-24.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Landauro, Konstantin Rozhnov And Inti. "Petroplus to File for Insolvency". WSJ. Retrieved 2017-11-29.
  7. ^ Page Module:Citation/CS1/styles.css has no content.McNair, Ros (2010-01-12). "Vitol completes acquisition of Antwerp refining facilities from Petroplus". Vitol.com. Retrieved 2024-09-02.
  8. ^ Page Module:Citation/CS1/styles.css has no content."Gunvor Group bids successfully to purchase Petroplus's Antwerp refinery". www.euro-petrole.com. Retrieved 2024-09-02.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Milmo, Dan (2012-05-28). "Coryton oil refinery set to close". The Guardian. ISSN 0261-3077. Retrieved 2024-09-02.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Varo Energy Holding S.A. completes purchase of the assets of Petroplus Refining Cressier S.A." www.euro-petrole.com. Retrieved 2024-09-02.
  11. ^ Page Module:Citation/CS1/styles.css has no content.Koottungal, Leena (2012-05-31). "Gunvor Group to acquire Ingolstadt refinery". Oil & Gas Journal. Retrieved 2024-09-02.
  12. ^ Page Module:Citation/CS1/styles.css has no content.Patel, Tara (April 16, 2013). "France's Petit-Couronne Refinery to Shut After Bids Rejected". Bloomberg. Retrieved 2024-09-02.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Petroplus plans to close Reichstett refinery". Oil & Gas Journal. 2010-10-21. Retrieved 2024-09-02.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Teesside refinery to suspend operations | Process Engineering". processengineering.co.uk. Retrieved 2024-09-02.

Lua error in package.lua at line 80: module 'Module:Authority control/config' not found.

Retrieved from "https://cosmopedia.co/index.php?title=Petroplus&oldid=3743326"