Petroplus Provides Update on Operations of Ingolstadt Refinery

Regulatory News: Petroplus Holdings AG (SWX: PPHN) announced today that an incident occurred at its Ingolstadt, Germany, refinery at about 6pm Central European Time on Wednesday, 2nd January. There was a small leak in a hydrogen feed line that was promptly contained and there was no injury, no fire and no offsite impact. The pipe has been isolated and repairs should be completed on or about Monday, 7th January. In the meantime, the refinery is operating at normal capacity and producing a complete slate of products. Petroplus Holdings AG is the largest independent refiner and wholesaler of petroleum products in Europe. Petroplus focuses on refining and currently owns and operates five refineries across Europe: the Coryton refinery on the Thames Estuary in the United Kingdom, the Ingolstadt refinery in Ingolstadt, Germany, the Belgium Refining Company refinery in Antwerp, Belgium, the Cressier refinery in the canton of Neuchâtel, Switzerland, and the Teesside refinery in Teesside, United Kingdom. The refineries have a combined throughput capacity of approximately 625,000 bpd. Petroplus has signed a letter of intent to acquire the Petit Couronne and Reichstett refineries, located in France, from Shell International Petroleum Company Limited. The refineries have a total nameplate crude capacity of 239,000 barrels per day.