Koch Supply & Trading (KS&T) is exploring a potential sale of its Rotterdam refinery.
“Since acquiring the Rotterdam refinery in 1998, we have successfully grown the business into the largest producer of naphtha in Northwest Europe with a strategic location at the Port of Rotterdam,” said Brian Roos, Senior Vice President of operations for KS&T. “Our strong, predictable operation has created significant value for our commercial organisation.”
Michael Yates, Director of Structured Finance at KS&T, added, “The 85 000 bpd of refining capacity creates tremendous physical opportunities to capitalise on growing global condensate supplies. However, we feel the asset’s value is likely greater for parties with existing condensate streams or additional operational synergies.”
Simmons & Company International, Energy Specialists of Piper Jaffray, has been engaged as exclusive financial advisor to assist KS&T with the process. KS&T is directing all inquiries regarding the potential sale to Simmons & Company.
Read the article online at: https://www.hydrocarbonengineering.com/refining/14102016/koch-supply-trading-explores-strategic-sale-of-rotterdam-refinery/
