Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Petroplus French Refinery Halt May Mean Death of Normandy Site, Union Says
Petroplus Holdings AG (PPHN)’s refining halt at units in Normandy today may mark the plant’s end, a union said, shrinking the crude-processing industry in France that may have posted losses of 800 million euros ($1.04 billion) in 2011.
Europe’s largest independent refiner by capacity, unable to buy adequate oil because of a credit freeze, will halt refining at three of its five plants, including at Petit Couronne in northern France, Antwerp and Cressier in Belgium and in Switzerland, it said in a statement Dec. 30. The sites have a combined processing capacity of 337,300 barrels of crude a day.
http://www.bloomberg.com/news/2012-01-02/petroplus-french-refinery-halt-may-mean-death-of-normandy-site-union-says.html