UPDATE 1-Gunvor Shuts One CDU at Rotterdam Oil Refinery, Saying it is Uneconomical - Reuters News
11.25.2019 By Ricardo Perez - NEWS

November 25, 2019 [Reuters] – Gunvor Group GGL.UL has shut one of its two crude distillation units at its Rotterdam oil refinery in the Netherlands as it is uneconomical to run, a spokesman for the energy trading firm said.

 
The CDU will be down into March next year when the 88,000 barrel-per-day refinery will undergo maintenance.
 
While it isn’t currently economical to run CDU1, Gunvor is taking the opportunity of having the unit shut to conduct preparation for an upcoming refinery turnaround and some potential future developments,” the spokesman said.
 
Geneva-based Gunvor said last month that during the overhaul, the plant would be reconfigured to produce some low sulphur fuel oil that complies with new, global shipping rules coming into effect from January. (Full Story)

The company is also conducting studies on the installation of a unit to make hydrotreated vegetable oil, which would use up excess hydrogen coming from its refomer.

As part of its energy transition efforts, Gunvor is focusing on biofuels and reducing the carbon exhaust at its three European refineries. It bought two biofuel plants earlier this year.

 
————-
 

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial
Click on the button and register to get instant access to actionable tank storage industry data

Petronas and Japan's ENEOS Xplora Agree on 10% Stake in Malaysia LNG Plant
04.30.2026 - NEWS
April 30, 2026 [Reuters]- Malaysia’s state energy firm Petronas said it has signed definiti... Read More
Valero Energy Beats Profit Estimates on Strong Refining Performance
04.30.2026 - NEWS
April 30, 2026 [Reuters]- U.S. refiner Valero Energy surpassed Wall Street expectations for first... Read More
PetroChina's First-Quarter Profit Up on Growing Gas and Fuel Sales
04.30.2026 - NEWS
April 30, 2026 [Reuters]- PetroChina, Asia’s largest oil and gas producer, posted a 1.9% ri... Read More
BP Signs Agreement with Venezuela to Develop Offshore Gas Fields
04.30.2026 - NEWS
April 30, 2026 [Reuters]- BP will develop Venezuela’s Cocuina-Manakin gas field, on the mar... Read More