Holborn refinery was originally purchased by the Coastal Corporation in the mid-‘80s in a joint venture with Libya’s National Oil Corporation, with ownership subsequently transferred to the Oilinvest Group.
The original primary objective of gaining a secure outlet for Libyan crude in order to safeguard pricing against spot market volatility has now receded into history; but the refinery remains as one of Europe’s most energy-efficient plants, and a major Oilinvest asset.
Well-positioned & energy-efficient
Holborn is a small cat-cracking refinery with medium conversion, a processing capacity of around 105,000 barrels of crude per day, and an average throughput of 4.5 million tonnes per annum. Well positioned in Hamburg – a major industrial centre – it enjoys excellent access to both the sea and inland waterways, and can handle crude from VLCC via 147km of pipeline from Wilhelmshaven, and from vessels of up to 80,000 metric tonnes direct in Hamburg itself. It also has excellent road and rail connections, with sidings on-site and an adjoining rail yard.
Significant investment at the plant, including the 2000-2003 installation of new units for desulphurisation and de-aromatisation of transport fuels, have resulted in a moderate conversion refinery primarily focused on producing LSFO (Low-Sulfur Fuel Oil) and desulpherising gasoil imported from Russia. The plant meets all EU specifications, and can also produce a wide range of other high-quality products including liquefied petroleum gases, petrol, petrochemical grade naphtha, kerosene, diesel, and heating and fuel oils, as well as cyclohexane for the chemical market.
The plant, in short, is one of Europe’s most energy-efficient, with excellent production versatility, good track records for performance, environmental protection and safety, and low unit costs.