Joined: Tue Oct 26, 2010 11:29 am
Location: The Great Sonoran Desert
The UK's financially strapped Coryton refinery will run out of crude oil and shut down in phases beginning by the middle of next week, its joint administrator has said.
The prospects of finding a buyer for Coryton look increasingly remote, warned Steven Pearson of PricewaterhouseCoopers.
The refinery was one of several owned by Petroplus, Europe's largest independent refiner, before it declared insolvency.
Pearson said: "The plant will run out of crude oil to refine, and there are no ships on the way," adding that staff would remain for the time being to help shut the plant safely. "We will not announce any immediate redundancies – we'll have more detail in a week's time."
The plant employs 900 people including contractors.
yep...the effects of PO being masked under economic collapse.
http://www.guardian.co.uk/business/2012 ... -jobs-risk
For hope would be hope for the wrong thing; wait without love,
For love would be love of the wrong thing; there is yet faith
But the faith and the love and the hope are all in the waiting.