Refinery Petroplus Refinery in Germany Continues Production
Production continues, at Petroplus refinery in Ingolstadt/Germany, although at a reduced level. Here, around 300 jobs are at stake after the Swiss based refining company filed for insolvency today.
Ingolstadt/Germany – Petroplus' German production site the Ingolstadt refinery, is one of only two remaining productive facilities of what was Europe's biggest independent refiner. Other assets in Switzerland, France and Belgium stopped production as Petroplus was unable to finance further oil supplies by the end of 2011. Now only Coryton/England and Ingolstadt/Germany remain productive – at least for the moment.
Today the 300 Petroplus employees at Ingolstadt were informed about the company filing for insolvency via press release of the management, as we were told. A filing for insolvency at the local court followed immediately. Refinery operations at the 10,000 barrels–per–day plant were already cut to 45 percent in mid January. Despite the challenging situation, local officials regard the refinery and its marketing as well–positioned. Currently, customers are supplied with refinery products as usual, but it is not clear how long the production can be continued.