Coryton refinery gets three month deal

The Coryton oil refinery in Essex has signed a three month agreement with three firms to keep it operational. The plant’s owners Petrolplus filed for insolvency last month, which threatened the future of one of the south east’s largest fuel suppliers. The administrators, PricewaterhouseCoopers, said in a statement: “This arrangement allows the refinery to continue […]

Several parties have ‘expressed an interest’ in Coryton refinery

The Coryton refinery in Essex has had a number of companies express interest in acquiring the site, says one of its administrators PricewaterhouseCoopers. Recently threatened with closure after its owner Petroplus filed for insolvency, the plant has managed to continue operations since PwC took the reins on 24th January. According to reports from Reuters, Coryton […]

Record $53.5bn passes hands in renewable sector deals

A record $53.5billion (£34bn) passed hands in the global renewable energy sector in 2011, suggests new figures released today. The value of deals rose 40% in value worldwide, while in the UK deal values more than doubled to $3.2bn (£2bn), according to auditing firm PricewaterhouseCoopers’ annual review of the sector. The findings suggest the European […]

Energy Minister promises support for Essex refinery

Energy Minister Charles Hendry chaired a meeting with potential new owners for the Coryton oil refinery in Essex in order to prevent its closing down. Earlier this week, the plant’s owners Petroplus filed for insolvency, which has put the future of the major refiner into doubt. Mr Hendry said: “Coryton has strong advantages as a […]

CO2 reporting firms perform better on the stock market

Firms that act on cutting their carbon emissions perform better on the stock market, according to a new report. PricewaterhouseCooper’s analysis of the world’s largest corporations found a link between higher stock market performance over time and representation on the Carbon Disclosure Project’s low carbon business indexes. The Carbon Disclosure Project works on energy policy […]