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Esso Societe Anonyme Francaise (SAF)—a majority owned subsidiary of ExxonMobil Corp
(82.89%)—has entered a formal deal for the sale of its 140,000-b/sd (133,000-b/d) Fos-sur-Mer integrated refinery in the Bouches-du-Rhône region of southern France’s Provence-Alpes-Côte d'Azur
Esso SAF will sell its refining and logistics operations in southern France
including the Fos-sur-Mer refinery and Toulouse (Fondeyre) and Villette de Vienne terminals
a consortium of Entara LLC and Trafigura Pte Ltd.
Official signing of the deal follows completion of previously announced formal information and consultation with Esso SAF employee representative bodies required as part of the sales process
While discussions with relevant authorities remain ongoing
Esso SAF said it anticipates finalizing the divestment by yearend 2024
Entara and Trafigura separately said they expect to receive all necessary authorizations for completing the transaction by end-October 2024
Upon announcing the proposed transaction in April, Esso SAF confirmed its sale of the southern French refining and logistics assets would include transfer of 310 employees of Esso Raffinage and Esso SAF working at the sites to Rhône Energies in accordance with regulations currently in force (OGJ Online, Apr. 11, 2024)
The proposed divestments come as part of Esso's long-term strategy in France aimed at maintaining the competitiveness of its operations
Esso SAF previously said it would continue to guarantee continuity of supply fuels and specialty products such as lubricants
and bitumen to its customers in the south of France from the operator’s 244,000-b/sd (231,800 b/cd) Notre-Dame-de-Gravenchon refinery in Port-Jérôme-sur-Seine
Rhône Energies said it aims to capitalize on the Fos-sur-Mer refinery’s existing skilled teams and strong manufacturing performance to further improve the site’s margin capture
and process utilization to maximize output of high-value products
Alongside proposed investments in personnel and process safety
Rhône Energies has also committed to investing in sustainability measures at the refinery to reduce its carbon intensity footprint
as well as in growth projects to enable further co-processing of biogenic feedstocks for production of renewable fuels
Under terms of the proposed acquisition—financial details of which remain confidential—Trafigura has agreed to enter into a minimum 10-year exclusive crude oil supply and product offtake agreement
including ownership of crude oil and product stocks in tank
to ensure the refinery has a secure supply of on-demand feedstock at competitive costs
as well as a reliable off-taker of refined products destined to the domestic market
In its second-quarter 2024 earnings update on Aug
Esso SAF confirmed the requisite information and consultation process
remain under way for the proposed permanent shutdown of ExxonMobil’s 100%-owned ExxonMobil Chemical France (EMCF) primary chemical production unit at its Gravenchon site co-located near Esso SAF’s Gravenchon refinery in Port-Jérôme-sur-Seine
First announced in April in parallel with Esso SAF’s proposed divestment of the Fos-sur-Mer refining and logistics assets
planned shutdown of EMCF’s Gravenchon steam cracker will not impact refining activities at Esso SAF’s Gravenchon site
Esso SAF reconfirmed in a July 11 letter to shareholders
EMCF’s planned shutdown of the Gravenchon steam cracker—which produces 400,000 tonnes/year (tpy) of ethylene—will include closure of related derivatives units and logistics installations as part of ExxonMobil’s plan to maintain competitiveness of its European operations
In addition to committing to providing enhanced support measures to help secure employment for 677 employees that will lose their jobs as a result of the Gravenchon chemical complex’s closure
ExxonMobil previously confirmed ongoing work to determine ways it can assist in creating new uses for the lands made available following remediation of the manufacturing site
EMCF’s Gravenchon complex also produces 400,000 tpy of polyethylene and 300,000 tpy of polypropylene
Robert Brelsford joined Oil & Gas Journal in October 2013 as downstream technology editor after 8 years as a crude oil price and news reporter on spot crude transactions at the US Gulf Coast
He holds a BA (2000) in English from Rice University and an MS (2003) in education and social policy from Northwestern University
Rhône Energies will now manage the full range of operations at the Fos-sur-Mer site
a consortium comprising Entara and Trafigura
has completed the acquisition of the Fos-sur-Mer refinery
as well as the Toulouse and Villette-de-Vienne terminals
The consortium will now manage the full range of operations at the Fos-sur-Mer site
Rhône Energies CEO Nicholas Myerson said: “We are delighted that the acquisition process has been successfully finalised
We are grateful for the open and constructive discussions over the past few months with both local and national authorities and are proud to welcome the refinery’s workforce to Rhône Energies
“With this acquisition we join an impressive industrial ecosystem in Fos-sur-Mer where we aim to build upon the strong track record of operational excellence by developing capabilities to lead the refinery through the energy transition
while maintaining our strong commitment to meeting the energy demands of the region.”
The Fos-sur-Mer refinery has a history of providing secure and affordable energy to the region since it began operations in 1965
With a crude oil processing capacity of 140,000 barrels per day (bpd)
the refinery benefits from direct access to a major port and is integral to the production of petroleum products for the French domestic market
The refinery employs approximately 310 staff members
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Rhône Energies has also entered into a long-term agreement with Esso to ensure continued supply to its downstream business in the region
demonstrating its commitment to the site’s future and France’s broader energy infrastructure
The consortium entered into negotiations to acquire the refinery in April this year and signed a sales agreement in August
The acquisition marks the consortium’s first project in France
The consortium aims to capitalise on the strong manufacturing performance of the refinery and improve process utilisation to maximise high-value products
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a consortium composed of Entara LLC (“Entara”) and Trafigura Pte Ltd (“Trafigura”)
has reached an important milestone in the acquisition process of the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals from Esso
All parties have now signed a sales agreement following the completion of the information and consultation procedure with employee representative bodies
This is a key step towards the transfer of ownership of the site which remains subject to the required regulatory approvals
Discussions with the relevant authorities are ongoing and the necessary authorizations are expected by the end of October 2024
“We are delighted to have finalised the sales agreement for the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals
We look forward to continuing our engagement with the operational management and the transition team
to ensure a smooth transition of operations
Discussions with national and local stakeholders have been particularly constructive
and we remain committed to collaborating with all parties on operations and our future plans,” said Entara’s CEO
Rhône Energies plans to capitalize on the refinery’s existing skilled teams and strong manufacturing performance
The company aims to further improve crude flexibility
process utilisation and to maximise high value products
while investing in personnel and process safety
Email: rhoneenergies@teneo.com
Rhône Energies website: www.rhoneenergies.ch
About Entara Entara LLC is an energy infrastructure company that optimises and reduces carbon intensity of refinery assets with long-term strategic potential
Its mission is to be a significant supplier of critical energy infrastructure and sustainable energy products and to provide energy security to the regions in which it operates
Its team is comprised of best-in-class energy
operations and commercial experts who leverage their deep experience to enhance refinery performance while ensuring outstanding health
safety and environmental standards in refineries they operate
Visit: www.entarapartners.com
owned by its employees and founded over 30 years ago
Trafigura connects vital resources to power and build the world
market expertise and our worldwide logistics network to move oil and petroleum products
gas and power from where they are produced to where they are needed
forming strong relationships that make supply chains more efficient
We invest in renewable energy projects and technologies to facilitate the transition to a low-carbon economy
including through H2Energy Europe and joint venture Nala Renewables
The Trafigura Group also comprises industrial assets and operating businesses including multi-metals producer Nyrstar
fuel storage and distribution company Puma Energy
supplier and distributor of transportation fuels and biofuels
The Group employs over 12,000 people and is active in 156 countries
Visit: www.trafigura.com
Further reading: ArcelorMittal indicted in Fos-sur-Mer pollution case in France
Google announced four new global partnerships as part of their Water Stewardship Project Portfolio
The summary report highlighted progress and presented these global partnerships focused particularly on sustainable agriculture
The four global partnerships announced are based in: Chile
Google has partnered with Agua Segura and Bonneville Environmental Foundation to enhance water security in the Maipo Basin
Google has joined forces with Sustainable Conservation supporting a manure drip irrigation system
Google has teamed up with N-Drip to combat water scarcity impacting Taiwanese rice farmers
Google has partnered with xFarm Technologies
advancing irrigation efficiency in potato farming by the Seine River basin
Google is combatting water wastage on a global yet focused scale
Photo Credit: Pawel Czerwinski
Further reading: Google Announces 4 New Global Partnerships to Replenish 8 Billion Gallons of Water Yearly by 2030
has secured €400M via a green bond tied to share price performance
The green bond is indexed to its share price
maturing in five years with a coupon rate of 1.5%
Investors will benefit from appreciation in the share price but will only receive the payment difference
This prevents a dilution effect on existing shareholders
In order to prevent risk and secure an ideal financial structure
Iberdrola has also purchased an identical hedging option
Iberdrola continues to be a pioneer in the structured bond market and a trailblazer in innovative financial structuring
Photo Credit: Nicholas Doherty
Further Reading: Iberdrola Issues €400 Million Share-Linked Green Bond
KPMG researchers have noted that ESRS reporting (European Sustainability Reporting Standards) varies greatly amongst companies
There was great variety in reporting practices but climate related reporting proved to be much more mature compared to other areas
86% of companies disclosed climate scenario analyses
and 62% committed to net-zero targets primarily aiming for 2050
The research however found that there was a clear lack of focus amongst companies linking sustainability with overall business strategy
Diversity in approaches to sustainability is to be expected however the report presents that there is a clear need for companies to reassess these
Ensuring clear alignment with business strategy and increasing stakeholder engagement should be at the top of their priorities
Photo Credit: Paula Prekopova
Further reading: KPMG Finds 62% of First ESRS Reporters Set Net-Zero Targets
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Ant Rozetsky
Impakter informs you through the ESG news site and empowers your business CSRD compliance and ESG compliance with its Klimado SaaS ESG assessment tool marketplace that can be found on: www.klimado.com
Impakter is a publication that is identified by the following International Standard Serial Number (ISSN) is the following 2515-9569 (Printed) and 2515-9577 (online – Website)
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Air Liquide announces a renewable hydrogen production project at La Mède (Provence-Alpes-Côte d'Azur region in France)
Air Liquide will cover the hydrogen needs of TotalEnergie's biorefinery
This project will contribute to the emergence of a new renewable hydrogen ecosystem in the Fos-sur-Mer area
a major industrial basin for Air Liquide in France
own and operate a new hydrogen production unit at TotalEnergies' La Mède site
It will enable the production of renewable hydrogen from recycled biogenic by-products from the TotalEnergies biorefinery
instead of using fossil hydrocarbons as feedstock
The renewable hydrogen produced will be used mainly by the biorefinery for the production of biofuels and Sustainable Air Fuels (SAF)
the largest on La Mède industrial platform
would represent an investment of over 80 million euros for Air Liquide
it will significantly contribute to the decarbonization of the biorefinery
where TotalEnergies aims to reduce CO₂ emissions by around 130,000 tonnes per year
This project represents a new stage in the decarbonization of Air Liquide's hydrogen network production sources
It will help strengthen the Group's presence and capacity to meet current and future needs for decarbonized hydrogen in the Fos-sur-Mer area
this project is in line with Air Liquide's commitment to supporting decarbonization initiatives launched by industrial partners locally
Air Liquide has been present in the region for over 50 years
and already operates three air separation units
a hydrogen production unit and a hydrogen network
it operates Europe's first high-pressure hydrogen station for long-distance trucks
member of Air Liquide’s Executive Committee
notably supervising the Group’s operations in Europe
“We are proud to support TotalEnergies in its project to decarbonize the La Mède biorefinery
thanks to our strategic positioning in the Fos-sur-Mer basin
Two years after the announcement of the circular economy project in Grandpuits
and following on from our memorandum of understanding to supply TotalEnergies' Gonfreville refinery with renewable hydrogen from the Air Liquide Normand'Hy electrolyzer
we are continuing our partnership with TotalEnergies to serve the energy transition through the implementation of our decarbonization solutions.”
This project is in line with Air Liquide's strategy of offering its customers a wide range of decarbonization solutions
such as CO₂ capture and low-carbon hydrogen
in response to the challenges posed by the climate emergency
This unique positioning and its technological expertise make Air Liquide a major player in the implementation of hydrogen projects to decarbonize industries and develop low-carbon mobility
technologies and services for industry and healthcare
Present in 60 countries with approximately 66,500 employees
the Group serves more than 4 million customers and patients
The transaction also includes terminals in Toulouse and Villette-de-Vienne
a consortium comprising commodity trader Trafigura and Entara
has entered into an agreement with ExxonMobil’s ESSO SAF to acquire the Fos-sur-Mer refinery in France.
the financial terms of which were not disclosed
also includes terminals in Toulouse and Villette-de-Vienne
has direct access to a major port and the capability to handle a diverse range of crude oil feedstocks
Rhône Energies aims to leverage the refinery’s workforce and manufacturing performance to enhance margin capture
Rhône Energies plans to retain approximately 310 staff members.
As part of the acquisition terms set out in April
Trafigura will enter a minimum ten-year exclusive agreement for crude oil supply and product offtake with Rhône Energies.
This arrangement includes ownership of crude oil and product stocks
guaranteeing the refinery a secure and cost-effective feedstock supply
as well as a reliable outlet for its refined products in the domestic market.
In addition to the supply chain agreements
Rhône Energies has pledged to continue providing Esso SAF with products in the region.
The company also plans investments in the refinery to reduce its carbon footprint and to support the co-processing of biogenic feedstocks
thereby increasing the production of renewable fuels.
part of the Rhône Energies consortium and established by former Crossbridge Energy executives
will manage the Fos-sur-Mer asset.
asset integrity and performance in commercial
Entara CEO Nicholas Myerson said: “We are delighted to have finalised the sales agreement for the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals.
“We look forward to continuing our engagement with the operational management and the transition team to ensure a smooth transition of operations
and we remain committed to collaborating with all parties on operations and our future plans.”
The sale agreement follows a consultation process with employee representatives.
Discussions with relevant authorities are in progress
with the necessary approvals expected by the end of October 2024
Plans for a 65km long 400,000 volt electricity line to take power from nuclear power stations in the Rhône Valley to the industrial site at Fos-sur-Mer just outside Marseille has attracted opposition
The new line is needed because new factories devoted to green industrial projects
including a plant to make hydrogen gas and another one to make solar panels
The government body which runs high-voltage lines
where 50-60m high pylons carry up to 20 separate cables
are the only way to get the extra electricity to the site
or even underwater cables such as the ones under the English channel are better because they are at less at risk from storms
Pressure groups against the €300 million project have formed along each of the proposed routes for the pylons
some of which go through protected nature reserves
has 24 of the groups as members and posters against the line have appeared along many of the roads in the region
Read more: Some motorway projects in France ‘to be cancelled’: Where are they?
Fos-sur-Mer has long been identified as the industrial site which puts out more carbon dioxide than any other in France because of the large oil refinery and steel works located there
Opponents of the line question whether existing industry has done much to cut emissions and argue that if they did
there will not be the need for the new line
who was a high profile radio and TV reporter in France before retiring and being elected mayor of Arles in Bouche-du-Rhone department
He argued that the new line goes against a long-established strategy for the region
where industry is concentrated at Fos-sur-Mer and balanced by agriculture
accuse the opponents of hypocrisy and pushing for green industry up to the moment it impinges on their view
The prefectural ban is set to remain in place until at least December 31
The geographical spread of Canadian nationals follows a similar pattern to Americans
Her body was found outside initial search area by a walker over the weekend
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The first vacuum vessel sector produced in Europe travelled last week between Monfalcone
The 440-tonne component had been protectively wrapped and inserted into oversize metal housing before being loaded onboard at the Port of Monfalcone on 30 September
the load was securely latched by way of welded attachments to ensure its immobility during transport
sensors were attached to the vacuum vessel frame to capture data about any movement or acceleration experienced by the component during travel
Two stages of the journey to ITER remain for vacuum vessel sector #5: crossing the inland sea of Berre l'Étang by barge (a stage that is dependent on good weather and low wind) and travelling along the 104 kilometres of the ITER itinerary over four nights to reach the ITER site (a stage scheduled for the last week of October)
The European Domestic Agency, responsible for delivering five sectors to ITER, celebrated the completion of sector #5 with its contractors on 24 September
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a consortium composed of Entara LLC and Trafigura Pte Ltd.
is progressing with its planned acquisition of the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals in southern France from Esso
All parties have signed a sales agreement following the completion of the information and consultation procedure with employee representative bodies
The financial details of the transaction are confidential
The agreement is a key step towards the transfer of ownership of the site
which remains subject to the required regulatory approvals
Discussions with the relevant authorities are ongoing and the necessary authorizations are expected by the end of October
“We are delighted to have finalized the sales agreement for the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals
to ensure a smooth transition of operations,” Entara CEO Nicholas Myerson said
“Discussions with national and local stakeholders have been particularly constructive
and we remain committed to collaborating with all parties on operations and our future plans”
Trafigura announced exclusive negotiations for the acquisition of the assets in April
Under the terms of the proposed acquisition
Trafigura would enter into a minimum 10-year exclusive crude oil supply and product offtake agreement
These agreements would ensure the refinery has a secure supply of on-demand feedstock at competitive costs
and a reliable off-taker of refined products destined for the domestic market
Rhône Energies would agree to continue to supply Esso SAF in the region
“We would be delighted to acquire and assume stewardship of Esso's Fos-sur-Mer refinery operations and look forward to engaging with the operational management
employee representatives and government stakeholders over the coming weeks and months to confirm our commitment to the operation and our plans for the future,” Myerson said in an earlier statement
“We are committed to upholding the operation’s high standards of environmental responsibility
“The Fos-sur-Mer refinery is an efficient
well-run operation strategically located on France’s Mediterranean coast,” Ben Luckock
“The refinery will continue to be an important contributor to energy security in the region and would benefit from Trafigura’s global trading and logistics network
Oil and petroleum products will continue to play an important role in supporting growing global energy demand during the transition currently underway to a low-carbon economy”
Rhône Energies was formed by Entara and Trafigura to combine the strengths of a proven refinery operator with a global market leader in energy and commodities
Entara was established by former executives of Crossbridge Energy who have a track record of managing and optimizing refinery assets
including at the Fredericia refinery in Denmark
Entara plans to manage the Fos-sur-Mer asset
Rhône Energies intends to invest in the sustainability of the site to reduce its carbon intensity footprint while also investing in growth projects enabling further co-processing of biogenic feedstocks to produce renewable fuels
With a crude oil processing capacity of 140 thousand barrels per day
Fos-sur-Mer benefits from direct access to a major port
competitive operating costs and the ability to process a wide range of crude oil feedstocks
Several new components for the wind turbines destined for the Les Eoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm have arrived at the wind terminal in Port-La Nouvelle
The towers and nacelles for the floating wind project’s Vestas V164-10.0 MW wind turbines have been delivered and unloaded at the new wind terminal in Port-La Nouvelle
The 80-metre-long blades arrived at the port in August this year
The components are now being stored on the quayside in preparation for the assembly of the wind turbines on their floating foundations
Construction of the foundations is said to be in full swing at Eiffage Métal’s industrial site in Fos-sur-Mer site
The floating foundations are expected to be delivered in April 2025
The units will then be towed by sea to the Port-La Nouvelle wind quay for final assembly
which is scheduled for late spring of next year
In March 2022, EFGL, a consortium comprising Ocean Winds and the Banque des Territoires, signed an agreement with Euroports for port services during the construction of the wind farm at the Port-La Nouvelle
Euroports will provide logistical support in the port area during the installation phase
including the assembly of the wind turbines on the floating foundations
The 30 MW EFGL pilot project involves the construction and operation of three 10 MW floating wind turbines supported by Principle Power’s WindFloat semi-submersible floating foundations
At the beginning of 2023, the export cable that will connect the pilot wind farm to the onshore power grid was installed by DEME’s French subsidiary SDI, under the responsibility of the grid operator Réseau de Transport d’Électricité (RTE).
The wind farm is located more than 16 kilometres offshore from Leucate, Aude, and Le Barcarès, Pyrénées-Orientales.
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Leveraging 20 years of experience with offshore windDecember 2023 will forever mark a milestone in our company history, as we became part of the world-wide CS WIND group. The acquisition goes beyond a mere change in ownership; it marks a leap into a future where our combined strengths will pave the way for optimized production […]
IndustrialFrench green iron project to draw on nuclear for 70% of its hydrogen demandGravitHy’s facility will feature 750MW of electrolyser capacity, although a supplier has not yet been chosen
Docking of Economou tanker marks first crude import since 27 June at Marseille-Fos
The first crude cargoes have resumed unloading at the French port of Fos-sur-Mer after strikes by dockers ended.
Vessels had been building up off the port since the end of June, tying up capacity, but now the unwinding disruption will boost the tonnage supply in the region.
George Economou company Cardiff Marine’s 115,300-dwt aframax Dali (built 2018) discharged Kazakhstan crude loaded from the CPC pipeline at the Russian Black Sea port of Novorossiysk, Kpler data showed.
AIS data reveals the ship arrived on Sunday and left on Monday. It was heading east to Piraeus in Greece on Tuesday.
This was the first crude discharge at the port since 27 June, Kpler said.
The analytics company added that ships had been waiting nearly seven days to unload over the first eight days of July.
Queues reached 9.3 days on average in mid-June.
UK protection and indemnity club NorthStandard said last month that French port workers had intensified their industrial action in protest at proposed pension reforms and working conditions.
The club’s local correspondents reported that following unsuccessful negotiations, the national port and dockers workers’ union CGT had called for a return to “dead port days” across all French ports, starting on 7 June.
That day, workers in major ports such as Le Havre and Marseille-Fos blocked road access, and cargo operations came to a halt as stevedores stopped work.
Similar disruptions occurred throughout France, including at terminals in Bordeaux, Rouen and Nantes/Saint-Nazaire.
The union announced additional dead port days on 13, 21 and 25 June.
Previously, workers had blocked terminal access in November 2023 and February 2024, alongside regular four-hour stoppages on three different days each week.
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ForFor more than a decade steel giant ArcelorMittal is said to have exposed residents of Fos-sur-Mer on France's Mediterranean coast to toxic pollutants
The world’s second-largest steelmaker is also accused of having covered up several of its offences by faking records of pollutant emissions at its steel plant there
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Alors que le Parlement examine mardi la proposition de loi de Gabriel Attal durcissant la justice des mineurs
Mediapart s’est procuré une évaluation confidentielle des CEF
ces centres où sont placés les adolescents les plus durs
À l’arrivée : un taux « élevé » de réitération des faits
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alors qu’il disposait sur le papier d’une majorité suffisante des élus de son camp et des sociaux-démocrates avec lesquels il entend gouverner en coalition
le premier ministre Mark Carney se rend à la Maison-Blanche
Un premier test pour celui qui s’est présenté comme le plus apte à résister au président des États-Unis et à ses projets d’annexer le Canada
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a joint-venture of the energy infrastructure company Entara and the Singapore-based commodity trader Trafigura
has entered into exclusive negotiations to acquire the 7 Mt/year (140,000 bbl/d) Fos-sur-Mer refinery and the Toulouse and Villette de Vienne terminals from Esso
a subsidiary of ExxonMobil for an undisclosed amount
The refining capacity is 1.2 mb/d in France (end-2022)
ExxonMobil operates a second refinery: Gravenchon (239 kb/d)
The largest player in the French refining sector is TotalEnergies
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French Ministry of Industry and Energy has selected partnerships between EDF Renewables and Maple Power as well as Ocean Winds and Banque des Territoires to build and operate a 250 MW floating offshore wind farm each in the Mediterranean
The two projects were selected following the sixth offshore wind tender by the French government
The announcement comes after France announced a list of 12 bidders for 2.5GW offshore wind tender
Only two sites were made available in the Mediterranean
Both floating wind farms will be located 25 km off the Mediterranean coast and have a capacity of approximately 250 MW
it is expected to supply electricity equivalent to the annual consumption of up to 500,000 people and produce approximately 1 TWh of clean electricity per year
EDF and Maple Power were awarded the site in the Golfe de Fos area off Fos-sur-Mer while the Ocean Winds and Banque des Territoires partnership won the site in the Narbonaise area between Agde and Port-la-Nouvelle
Ocean Winds is a joint venture between EDP Renewables and Engie
The winners also signed off on recycling wind turbines
and to hire small and medium enterprises for 10% of the work involving studies
The Occitanie Floating Wind Turbines project or EFLO for short is expected to generate approximately 5m hours of work during its development and construction phases
and will then create permanent maintenance jobs during its operational phase
Members of both partnerships have signed the “Commitment Charter to Contribute to the Regional Structuring of a French Industrial Sector” with six French regional clusters
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Three offers have been submitted for the entire steel group ofex Ilva: the Azerbaijani group consisting of Baku Steel Co.
e Azerbaijan Investment Company OJSC; the Indian steel group Jindal Steel International and the Americans of Bedrock Industries Management Co Inc
The submission of binding offers for the acquisition of the former Ilva group and the Taranto steelworks expired yesterday at midnight
This morning the commissioners opened the envelopes that revealed the names of the buyers interested in the entire group
There are also other offers that concern some specific sites
A total of seven offers arrived for just some assets
including the consortium Car Segnaletica Stradale Srl
SpA and Trans Isole Srl; Eusider SpA; cordata Eusider SpA
Marcegaglia Steel SpA e Profilmec SpA; IMC SpA; Marcegaglia Steel SpA; roped party Marcegaglia Steel SpA e Sideralba SpA; and finally the Vitali SpA
the Mantua group is targeting the former Ilva sites destined for the production of Socova pipes in Sénas
the Italian group recently acquired the Fos-sur-Mer plant); Racconigi
but in this case in a consortium with two other Italian steel companies
The commissioners will now take some time to evaluate the offers and examine them
it is important to underline that the deadline of midnight yesterday is not categorical
it is possible that further offers will arrive soon
which will be taken into consideration only if advantageous
The commissioners will look in particular at the employment aspects
decarbonisation and the size of the investments
with a view to ensuring sustainable development of the plants and maximum protection of the workers involved
The deadline for submitting binding offers for the acquisition of Acciaierie d'Italia has been postponed from November 30
the time needed to allow buyers to evaluate the offer
the deadline could not have been extended beyond 2-3 months
the timing would have been dictated by the financing of the related industries
It is no coincidence that last month the 320 million euro bridging loan approved by Brussels in July 2024 for the relaunch of the group's factories saw an increase of 100 million
The measure is contained in the Milleproroghe decree published in the Official Journal
The intervention is intended to be a support for companies in extraordinary administration
"to guarantee and enhance" productivity currently at two million tons
It should be noted that the commissioners have estimated that approximately 1,5 billion can be obtained from the sale of the group
the industrial plan launched in the summer provides for 1,8 billion in investments: one billion for the restoration of the plants
and another 680 million for technological development
according to the 61-page report of the commissioners of Ex Ilva
the interventions necessary to restore the full operation of the existing plants would amount to 900 million euros
and "will allow us to reach an annual crude steel production capacity of approximately 2025 million tons starting from the end of 6
aligned with what is necessary to guarantee the break-even of the company"
The investment for the introduction of production technologies with a lower emission impact to be started in 2025 is estimated at 680 million euros "for the installation of electric furnace production capacity for approximately 4 million tons of crude steel
to integrate and partially replace blast furnace production"
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a consortium of Entara LLC (“Entara”) and Trafigura Pte Ltd (“Trafigura”)
has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette de Vienne terminals from Esso
The proposed acquisition is subject to a formal information and consultation procedure with employee representative bodies
Its completion is subject to regulatory approvals and is expected by the end of 2024
The financial terms of the proposed transaction are confidential
Rhône Energies was formed by Entara and Trafigura to combine the strengths of a proven refinery operator with a global market leader in energy and commodities
Entara was established by former executives of Crossbridge Energy who have a track record of managing and optimising refinery assets
Trafigura is one of the world’s largest suppliers of energy and commodities
operating in over 150 countries and trading over 5.5 million barrels of oil and petroleum products every day
Trafigura has a 30-year history of working with refineries through direct investment
capacity utilization and supply and offtake
“We would be delighted to acquire and assume stewardship of the Esso’s Fos-sur-Mer refinery operations and look forward to engaging with the operational management
employee representatives and government stakeholders over the coming weeks and months to confirm our commitment to the operation and our plans for the future,” said Entara’s CEO
“We are committed to upholding the operation’s high standards of environmental responsibility
“The Fos-sur-Mer refinery is an efficient
well-run operation strategically located on France’s Mediterranean coast,” said Ben Luckock
“The refinery will continue to be an important contributor to energy security in the region and would benefit from Trafigura’s global trading and logistics network
Oil and petroleum products will continue to play an important role in supporting growing global energy demand during the transition currently underway to a low-carbon economy.”
Rhône Energies intends to maintain the current workforce with approximately 310 members of staff who will transfer to Rhône Energies on completion of the proposed transaction
The company would also aim to maintain a competitive compensation and benefits programme for the workforce as well as learning and development opportunities
and a reliable off-taker of refined products destined to the domestic market
Rhône Energies would agree to continue to supply Esso SAF in the region
The company aims to further improve margin capture
process utilization and to maximize high value products
Rhône Energies intends to invest in the sustainability of the site to reduce its carbon intensity footprint while also investing in growth projects enabling further co-processing of biogenic feedstocks to produce renewable fuels
For further information please contact: Alexandre Dechaux, Teneo FranceTel: +33 6 17 96 61 41 or Email: Alexandre.dechaux@teneo.com
Rhône Energies website: www.rhoneenergies.ch
Visit: https://entarapartners.com/
Trafigura’s Press Office: +41 (0) 22 592 4528 or media@trafigura.com
owned by its employees and founded 30 years ago
Visit: www.trafigura.com
Storengy’s HyPSTER project injects its first hydrogen molecules into a salt cavern in Etrez.Symbio starts pre-production of its 40kW fuel cells for light-duty vehicles in its Saint-Fons factory.HYmpulsion inaugurates its 7th hydrogen refueling station on the November 15 in Valence.Clermont Auvergne Métropole welcomes four retrofit buses from GCK Mobility and a new one by Solaris Bus & Coach
First hydrogen-electric powered fishing training vessel
VoltAero inaugurates its new industrial facility for the production of its Cassio electric-hybrid aircraft in Saint-Agnan
Höegh Evi to partner with Port of Port-La Nouvelle to develop strategic infrastructure for hydrogen import to France and Europe
Solaris Bus & Coach deploys a hydrogen bus in Fos-sur-Mer.H2V and Hy2gen sign a strategic partnership to produce e-kerosene for the Marseille’s Airport.
Air Liquide andTotal Energies join forces to produce renewable hydrogen in La Mède for the production of biodiesel and SAF
Lhyfe supplies sailor Arnaud Boissières with 18kg of renewable hydrogen to supply its emergency systems
La Roche-sur-Yon orders two hydrogen buses from IVECO Bus.Teréga supplies the Vendée Globe Village with renewable hydrogen for its energetic needs.– Other newsGRT Gaz andTeréga
launch a call for interest.Storengy launches a market survey for underground hydrogen storage in France.Energy Pool and Lhyfe use the flexibility of renewable green hydrogen production to support grid stability
(82.89%)—has entered formal discussions for the sale of its 140,000-b/sd (133,000-b/d) Fos-sur-Mer integrated refinery in the Bouches-du-Rhône region of southern France’s Provence-Alpes-Côte d'Azur
Esso SAF has entered exclusive negotiations to sell its refining and logistics operations in southern France
the four companies said in separate releases on Apr
The proposed transaction—which remains subject to a formal information and consultation procedure already underway with Esso SAF employee representative bodies
as well as to regulatory approvals—would include transfer of 310 employees Esso Raffinage and Esso SAF working at the sites to Rhône Energies in accordance with regulations currently in force
while guaranteeing continuity of supply to its customers in the south of France
chief executive officer and chairman of Esso SAF
“We are convinced that under the leadership of Rhône Energies and thanks to its support
the teams will continue to work tirelessly to supply the energy products needed on the market while continuing the site's commitment to the energy transition,” said Amyot
Esso SAF said it will continue supplying customers in throughout the region with fuels and specialty products such as lubricants
from its 244,000-b/sd (231,800 b/cd) Notre-Dame-de-Gravenchon refinery in Port-Jérôme-sur-Seine
Under terms of the proposed acquisition—financial details of which remain confidential—Trafigura said it would enter into a minimum 10-year exclusive crude oil supply and product offtake agreement
Rhône Energies said it plans to further improve the refinery’s margin capture
and to invest in sustainability of the site to reduce its carbon intensity footprint
Rhône Energies confirmed additional investments into the refinery would entail growth projects to enable further co-processing of biogenic feedstocks for production of renewable fuels
Completion of the proposed transaction is anticipated by the end of 2024
Announcement of Esso SAF’s proposed divestment of the Fos-sur-Mer refining and logistics assets comes on the same day as ExxonMobil’s 100%-owned ExxonMobil Chemical France (EMCF) revealed its plan to permanently close the primary chemical production unit at its Gravenchon site co-located near Esso SAF’s Gravenchon refinery in Port-Jérôme-sur-Seine
Following more than €500 million in losses since 2018
EMCF aims to shut down its Gravenchon steam cracker—which produces 400,000 tonnes/year (tpy) of ethylene—as well as related derivatives units and logistics installations
“Despite efforts to reduce costs and improve the site’s economics
[the site] not competitive in the market…[as] configuration of the steam cracker
and higher energy prices make it uncompetitive,” ExxonMobil said
Anticipated to occur in 2024 but still subject to relevant government approvals
the proposed closure would result in the loss of 677 ExxonMobil jobs in France that would be reduced over time through 2025
No employment separation is considered before 2025
ExxonMobil said it plans to close associated buildings
the Esso Gravenchon refinery in Port-Jérôme-sur-Seine
will continue to operate and supply France with fuels
the operator said it will initiate its search for individual and collective solutions following consultation with applicable works councils
and enhanced support measures aimed at helping employees finding new jobs will be made available
ExxonMobil said it is already contemplating options for how it can assist in creating possible new uses for the lands made available following remediation of the chemicals manufacturing site
according to ExxonMobil’s 2023 annual report to investors
Four Nigerian stowaways were found perched on the rudder of the MSC Fiammetta
the vessel docked at Las Palmas de Gran Canaria
when dockworkers spotted the stowaways and alerted maritime authorities
The stowaways were brought ashore for investigation
and they appeared to be in fair health despite the dangerous six-day journey
The MSC Fiammetta, which was built in 2008 and can carry 5,770 TEU
traveled around 2,000 nautical miles from Abidjan
Previous incidents have shown that stowaways can move from the rudder to the steering gear room
a risky move that has become increasingly common
Authorities confirmed that the four men were being investigated under Spanish law
which often requires stowaways to return to the ship responsible for their transportation
such as the three Nigerian stowaways found on an oil tanker in November 2023
An increasing number of migrants are trying to reach the Canary Islands
Spanish police have reported an upsurge in sightings of small boats and stowaways on commercial ships
two young Nigerians were spotted aboard another MSC ship
the MSC Fiammetta resumed its journey from the Canary Islands
with its cargo intact and the stowaways safely ashore
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Today’s Video of the Day from the European Space Agency features the port town of Fos-Sur-Mer
located in the southern part of Bouches-du-Rhône
“Bouches-du-Rhône is the third most populated department in France
Gard to the west and Var to the east,” says ESA
has one of the largest container ports in the country
the Frioul archipelago is made of four islands: Pomègue
“Fos-sur-Mer lies on the Golfe de Fos
an inlet of the Mediterranean’s Gulf of Lion
the port town was transformed in the 1960s with the expansion of Marseille’s port and the construction of a major industrial area
It has since become the center of Marseille’s traffic and container shipments.”
By Chrissy Sexton, Earth.com Staff Writer
Mediterranean Shipping Company (MSC) is revising its former standalone Türkiye/West Med to US service
the new set-up will connect Mediterranean and US trade by adding direct coverage from Barcelona
These new calls in Barcelona and Fos-sur-Mer aim to further expand MSC’s transatlantic coverage
and increase trade connectivity between Europe and the US
READ: MSC first to receive shore power supply in Hamburg
Tekirdag – Gebze – Aliaga – Haifa – Fos-sur-Mer – Barcelona – Valencia – Sines – Boston – New York – Philadelphia – Savannah
The first sailing will be with the MSC Manzanillo
Last week, MSC reached an agreement with premier technology startup NYSHEX to digitise the performance monitoring of its ocean freight contracts
Arkas Line has added a second company-owned vessel to the USA Express Service (USX)
Moller—Maersk (Maersk) have signed a Memorandum of Understanding (MoU) to collaborate
Red Sea Gateway Terminal (RSGT) Chittagong
the first privately-owned container terminal in Bangladesh
DP World is set to implement OneStop Modal and the OneStop Vehicle Booking System (VBS)
The US House of Representatives has voted to overturn the Environmental Protection Agency‘s (EPA) 2023