BRC Antwerp Refinery

Summary Information Ownership: Gunvor Website: http://www.gunvorgroup.com/ http://www.ibrefinery.be/ List of Gunvor Refineries Location: Antwerp Capacity: 5.5 Million tons/annum & 110,000 bbl/day Nelson Complexity: Refining Depth: Brief Description The refinery is a small / medium sized refinery with low / medium complexity Refining Units Atmospheric Distillation, 110‚000 bpd Vacuum Distillation, 59‚000 Naphtha Hydrotreater, 26‚500 Catalytic Reformer, 10‚200 Isomerization (TIP), 4‚300 Distillate Hydrotreater, 35‚500 Visbreaker, 24‚200 Sulfur Recovery Unit (tons per stream day) 108 LPG Recovery Unit, 4‚400 Terminal Capacity Crude Oil: Refined Products: Crude Supply - Products Produced Gasoline, naphtha, ULSD, heating oil and vacuum gasoil. The refinery's low-sulfur production meets the Euro V standard Ongoing Projects - Other Information - History 1968 - Refinery commissioned with a capacity of 45,000 bpd 1973 - Refinery capacity increased to 88,000 bpd and vacuum unit added 1986 - Visbreaker commissioned 2005 - Isomerisation unit commissioned 2006 - Petroplus purchases the refinery from Sovereign Holding Limited (Bermuda) 2011 - Refinery temporarily closed due to Petroplus liquidity problems 2012 - The refinery is acquired by Gunvor Relevant Links Petroplus Annual Report, 2007, Page 13 Petroplus Provides Update Regarding Its Revolving Credit Facility and Operations of the Petit Couronne, Antwerp and Cressier Refineries Gunvor Group bids successfully to purchase Petroplus’s Antwerp refinery Gunvor Launches USD 500 Million Syndication For Belgian Refinery Gunvor Closes USD $625 Million Syndication for Belgian Refinery, Oversubscribed by 25%