Independent tank storage service provider Vopak, petrol and diesel supplier Greenergy and oil company Shell UK have completed the acquisition of the former Coryton refinery.
The joint venture purchased the Essex, UK-based facility from Petroplus Refining and Marketing’s administrator, PwC.
The transaction, which was first announced earlier this year on 26 June, was finalised on 28 September.
The three companies will invest in the facility – to be named Thames Oil Port – and develop it into a state-of-the-art import and distribution terminal for oil products, to be managed by Vopak.
The new terminal initially will be able to store around 500,000m3, although this could be doubled in the future.