South African petroleum products group Engen announced on Friday that it would shut the Engen Refinery and convert the site, located south of Durban, into an import terminal and product storage facility by the end of 2023. Engen said the refinery-to-terminal (RTT) repurposing initiative was based on a strategic evaluation, which confirmed the refinery was no longer financially viable and determined that the investments required to upgrade it in line with evolving fuel quality and emissions regulations would be unaffordable.
from Engineering News | Home https://ift.tt/2QSk9fH
