Koch Supply & Trading is considering the sale of its 85,000-b/d refinery in Rotterdam.
The Koch Industries subsidiary acquired the facility in 1998, when it had capacity of 65,000 b/d and processed only condensate (OGJ Online, Sept. 9, 2004).
The refinery now processes a blend of crude and condensate and is, according to the company, the largest producer of naphtha in Northwest Europe.
“We feel the asset’s value is likely greater for parties with existing condensate streams or additional operational synergies,” said Michael Yates, director of structured finance.
Simmons & Co. International/Energy Specialists of Piper Jaffray is advising Koch on the prospective sale.