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AFRICA: Astron Energy's Cape Town refinery on track for 2022
Of the various projects in the pipeline, the restart of Astron Energy’s 100,000 barrels a day (b/d) Cape Town refinery will almost certainly be the first to be realised. Astron (a subsidiary of the global commodity trader Glencore) bought the refinery from Chevron in 2019 but the plant has been out of action since it was damaged by a fire in
In the group’s annual results, released on Tuesday, Glencore notes that the regulatory approval for its acquisition of the Chevron required it to invest R6.5 billion to debottleneck and improve the performance of the Cape Town refinery, to contribute to the rebranding of certain retail sites and establish a development fund to support small and black-owned businesses in Astron Energy’s
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Caltex Oil Refinery at Milnerton - Cape Town - Wikimapia. Caltex Oil Refinery at Milnerton (Cape Town) The company formerly known as Caltex in South Africa is now known by its 'new' name elsewhere 'Texaco', this refinery was built in the late seventies by the aparthied govt to refine crude oil and store it, if you zoom down you will see the secure storage fascilities.
Astron statement on the Cape Town oil refinery explosion One of the earlier photos, taken shortly after 4:00, shows the extent of the damaging explosion in Cape Town – Photo: Yusuf Abramjee
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The $973 million deal included Chevron's 110,000 b/d refinery in Cape Town, along with its retail fuel business which includes about 800 Caltex-branded service stations as well as lubricant plant and oil storage units. Molapo said rand 800 million will be invested in the first year to upgrade and modernize the Cape Town-based oil refinery.
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Plants have closed as cleaner fuel specifications loom, though fires and floods have also been a factor. Glencore and local partner Astron Energy "remain committed to spending R6 billion to upgrade the refinery and thereby support an ongoing refining industry in South Africa”, the trader said in response to questions.
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The early morning explosion and fire on July 2 at South Africa's third biggest crude oil refinery also injured seven workers before the plant was shut down just as it had been restarting after an
Will Glencore reopen its Cape Town oil refinery?
Global commodities trader Glencore will restart its Cape Town oil refinery in the fourth quarter this year, more than two years after a deadly explosion shuttered the plant, Chief Executive Gary Nagle said during an earnings call on Thursday. The 100 000 bl/d refinery is run by Astron Energy, which is majority owned by Switzerland-based Glencore.
Which Sasol refineries are still operational in South Africa?
Out of South Africa 's six refineries, only Sasol's Natref crude oil refinery and its Secunda coal -to-liquids plant are currently operational. A Sasol spokesperson said the Natref is ramping back up this week after declaring force majeure on crude oil supplies last month.
Will South Africa reopen its oil refinery?
The commitment to reopen the operation bucks the trend in South Africa where oil and gas majors are opting to close refineries rather than invest in refurbishing and upgrading them, especially in light of incoming clean fuel regulations.
Who owns a 100 000 BL/D oil refinery?
The 100 000 bl/d refinery is run by Astron Energy, which is majority owned by Switzerland-based Glencore. Two people were killed in an explosion in July 2020. The refinery is restarting after repairs as well as an upgrade to several units. The company recorded an impairment charge for the plant of $480-million last year.
