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Last updated: 01 February, 2007
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BP has agreed to sell its Coryton Refinery to Petroplus Holdings AG for $1.4bn, subject to required regulatory approvals. The two companies have also entered into a long-term supply agreement which will provide BP's UK-based retail and other businesses with the products they require. Bioethanol company Green Spirit Fuels has secured a site on the Humberbank where it will build its second plant. The North East Lincolnshire site should generate over 200,000 tonnes of ethanol annually using locally-grown wheat. The company's first plant is being built at Henstridge, Somerset. Thames Water, Three Valleys Water, Southern Water and Surrey & East Sutton Water all removed their hosepipe bans on January 18. South East Water and Mid Kent Water still have restrictions in force but say the situation is constantly under review.
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As a show of strength by dealers helped to put BP's deal with fuel card company Arval back on the table, should retailers come together more often to fight their corner on other key issues that affect their businesses?
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