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European refining: the rise of Wilhelmshaven

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After stopping refining completely in May 2010 and subsequently converting to a terminal the Wilhelmshaven refinery has started to process crude again. Following several months of speculation HES International, the owner of the site, HES Wilhelmshaven Tank Terminal (HWTT), announced on June 4th, the start up of a low sulphur fuel oil (LSFO) production unit. What is the rationale for this? What kind of returns can this production unit make?

Table of contents

  • What returns can the LSFO production unit expect?
  • Conclusion

Tables and charts

This report includes the following images and tables:

  • Historical indicative net cash margin

What's included

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  • Document

    European refining: the rise of Wilhelmshaven

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