
Gunvor plans to halt oil terminal activities at Europoort refinery
Gunvor will consult the works council at the refinery over its plans, the spokesperson added.
Seven months ago the company announced its intention to mothball the processing units at the refinery and use it as a terminal only.
Gunvor said the decision to mothball the terminal was taken because of an "uncertain investment climate in the Netherlands", a statement read without providing further detail.
The company added that energy transition projects it is developing at the site, including a deal with Varo to produce sustainable aviation fuel, will not be affected.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
5 minutes ago
- Reuters
Merck KGaA raises forex-adj profit guidance on drugs, lab gear
FRANKFURT Aug 7 (Reuters) - Germany's Merck KGaA ( opens new tab on Thursday raised its full-year operating earnings guidance, excluding the effect of harsh foreign exchange headwinds, citing a strong performance at its pharmaceuticals and lab equipment businesses. In a statement, Merck predicted organic growth in earnings before interest, tax, depreciation and amortisation, adjusted for one-off items, of 4% to 8%, where it had previously seen a range between 2% and 7%. Cost cuts were also a driver, it added. Hit by a weak U.S. dollar that is weighing on the value of Merck's overseas revenues, second-quarter adjusted EBITDA slipped 3% to 1.46 billion euros ($1.70 billion), below an analyst consensus of 1.52 billion posted on the company's website. The company, also a maker of materials for semiconductor manufacturing, narrowed its guidance range for organic sales growth to 2% to 5%, where it had previously seen a gain of 2% to 6%. Merck in April struck a deal to buy U.S. biotech company SpringWorks Therapeutics for $3.9 billion to add rare cancer therapies ahead of expected revenue losses linked to expiring drug patents. ($1 = 0.8568 euros)


Reuters
5 minutes ago
- Reuters
Uniper to invest $5.8 billion through 2030 in strategy update
FRANKFURT, Aug 7 (Reuters) - Germany's Uniper ( opens new tab will invest 5 billion euros ($5.8 billion) through 2030, the state-owned utility said on Thursday, adding it would focus even more on profitable projects as key market developments are delayed. Uniper last year said it would slow down an initial plan of investing 8 billion euros in its transformation by 2030, citing falling returns on green energy projects as well as a delay in the development of hydrogen markets. ($1 = 0.8570 euros)


Reuters
5 minutes ago
- Reuters
SBM Offshore lifts full-year outlook after strong half-year results
Aug 7 (Reuters) - Dutch oil and gas services company SBM Offshore ( opens new tab raised its full-year core profit and revenue forecasts on Thursday, citing a strong financial performance in the first half of 2025. The Amsterdam-listed company sees directional earnings before interest, taxes, depreciation and amortization (EBITDA) of around $1.6 billion this year, versus the around $1.55 billion it had guided for earlier. It also sees directional revenue of more than $5.0 billion this year, after saying it would exceed $4.9 billion in February. Analysts on average had projected annual revenue of $4.96 billion, according to a company-compiled consensus.