Coryton site sold to Shell

City A.M. Reporter
CORYTON refinery, which was formerly run by now insolvent Petroplus, will be turned into a fuel import terminal after administrator PwC agreed to sell the site to the joint venture of Vopak, Shell and Greenergy.

PwC said the new owners will now start “significant reconfiguration of the existing site” in Essex.

Energy minister Chris Hendry said that while it was “very sad news for the workers at Coryton” that it was not possible to keep the site running as a refinery, the investment pledged by the new owners “will keep the site viable for many years”.