UK Coryton Refinery Needs $1B Cash Injection

摘要

Petroplus’ Coryton refinery in Essex, England, needs a cash injection of $1 billion and to strike a deal with its creditors to avoid closure, the company’s UK administrator, PricewaterhouseCoopers (PwC), has said. Petroplus -- once the largest independent refiner in Europe, supplying around 5% of the market -- was plunged into administration in January after it defaulted on a $1.75 billion loan.