Moving Energy Efficiently. Gunvor Group Ltd has commenced operations at the former Petroplus refinery in Ingolstadt, Germany, having completed the acquisition of the refinery assets and relevant marketing activities. All regulatory and merger control approvals have been obtained. The official closing date was on August 23, and the first crude vessel has already discharged to supply the refinery.
Gunvor has a long-term perspective for the Ingolstadt facility. The refinery in Ingolstadt is among the most efficient refineries in Europe thanks to its skilled and highly experienced employees, as well as continuous investment in maintaining its assets in excellent condition. It also has strong local connections in Bavaria, one of the biggest growth regions in Germany.
The production capacity amounts to approximately , barrels per day. Depending on the product bitumen, mogas, diesel, heating oil the refinery served percent of the market in Bavaria and the connected regions. Gunvor also strengthens its European market position, adding to its current refinery investment in Antwerp, Belgium. In the context of energy commodities, the Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries.
Gunvor is further investing in its refineries to ensure legal compliance and business development. It has the ambition to achieve operational excellence by keeping Health, Safety and the Environment HSE as priority in all its decisions to build the future on a solid foundation.
Under the terms of the agreement, Gunvor will provide CVR with crude oil supply and logistics intermediation in [β¦]. Vopak is committed to sustainably redeveloping the site.
