Vitol buys top UK CHP plant

Vitol Group has taken its first steps into the electricity generation sector by buying one of the UK's biggest cogeneration power stations.

The group, which is the world’s largest energy trader, has agreed to purchase the Immingham combined heat and power (CHP) plant located in north Lincolnshire, England.
Immingham Combined Heat and Power
The plant, which has an electricity generation capacity of 1,220 MW is owned by US-based Phillips 66 Power Operations.

Operational since 2004, Immingham Combined Heat and Power (ICHP) is fuelled by natural gas with liquid fuel as backup. The plant is billed as 'one of the cleanest most efficient power plants of its type in Europe', using 20% less fuel and producing 25% less CO2 than the alternative of producing heat and power separately. It is also capable of savings of up to 3 million tons of CO2 emissions per year when compared to power produced from conventional coal fired power plants.

"Immingham CHP is a high quality power plant with a highly skilled and experienced workforce," noted Ian Taylor, President and CEO of the Vitol Group. "It supplies over 2% of U.K. electricity demand and steam to the Humber and Lindsey oil refineries. We are delighted to add it to our portfolio."

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