Mentions of the supplier (Petroineos) in that article.
Is it unique to them or Scotland?
Any reports from elsewhere/other suppliers?
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Bio diesel is not new, Cold weather is not new, someone has cocked up. I suspect its summer stock without the antiwax
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Bet you never thought you’d find a link to Farmers Weekly on here, but here goes. Hopefully it works:-
www.fwi.co.uk/machinery/oil-refinery-acts-on-diesel-after-farmer-complaints
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Petroineos
Former BP Refinery in Falkirk bought by Ineos many years ago.
Ineos is owned by Jack Ratcliffe, UK's richest man - a chemical engineer that spotted a market for his company by buying Oil major plant they wanted to sell & turned them into profitable businesses.
Essentially supply all of Scotland and Northern Ireland with petrol, diesel, etc etc - BP, Shell etc etc - the same product + different additives
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The petroleum industry divested it's brands in upstream-of-retail activities due to the bad publicity of the various tanker and rig disasters. Most now have shares in names unheard of to most people such as Philips or Greenergy. Even most terminals and road tankers are run under subsidiary or outsourced names such as Flexigrid or P&O.
All diesel has to meet EN590 UK winter requirements, this clearly is misformulated.
Last edited by: Shiny on Fri 13 Dec 19 at 22:17
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Phillips (PSX on NYSE) is very much alive!
Conocophillips split the company into 2 parts about 8 years ago - Exploration & Production remained COP listing on the NYSE & the distribution of petrol, diesel etc became Phillips 66 (PSX) again based in Houston, as is Conocophillips.
The reason at the time was the value to the 2 companies exceeded the value of the whole company. BIG bonuses for the directors in 2012 as the & shares for COP & PSX rose.
Come the downturn, 2 years later, this looked a real mess for E&P ConocoPhillips as prices fell overnight &, unlike Shell, Esso etc etc, they had no fallback on the lower margin( but profitable ) refining (Humberside refinery in UK), retail (JET in UK), distribution that belonged to Phillips 66.
Those shareholder shares have done well for those who held the 2012 distribution of PSX shares $31 rising to $113 in 8 years
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>> Those shareholder shares have done well for those who held the 2012 distribution of PSX shares $31 rising to $113 in 8 years
Good return, but not as good as my (now) semi-retired mate who turned £10k of ethereum (cryptocurrency) into £1.4m and now has half-a-dozen mortgage free rental properties.
Jammy swine!
Last edited by: Lygonos on Sat 14 Dec 19 at 08:13
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Bio Diesel causing problems in cold weather - Bromptonaut
