Vitol completes acquisition of Immingham power plant
Further to the announcement of 10th May 2013, the Vitol Group has acquired the entire issued share capital of Phillips 66 Power Operations Ltd. which owns Immingham Combined Heat and Power plant (Immingham CHP), located in North Lincolnshire, U.K., from Phillips 66.
Immingham Combined Heat and Power plant will be renamed VPI Immingham.
The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Since then the company has grown significantly to become a major participant in world commodity markets and is now the world’s largest independent energy trader. Its trading portfolio includes crude oil, oil products, LPG, LNG, natural gas, coal, electricity, agricultural products, metals and carbon emissions. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2012 were $303 billion.