July 10, 2025 [Reuters]- Global commodities trading house Gunvor intends to mothball the terminal activities at its Europoort oil refinery in Rotterdam, Netherlands, a company spokesperson said on Wednesday.
Gunvor will consult the works council at the refinery over its plans, the spokesperson added.
Seven months ago the company announced its intention to mothball the processing units at the refinery and use it as a terminal only.
Gunvor said the decision to mothball the terminal was taken because of an “uncertain investment climate in the Netherlands”, a statement read without providing further detail.
The company added that energy transition projects it is developing at the site, including a deal with Varo to produce sustainable aviation fuel, will not be affected.
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