Sasol and Total¡¯s Natref refinery is also on the chopping block as the two mull selling or closing the operation. Astron¡¯s refinery ¨C formerly known as Calref and which Glencore acquired with all Chevron¡¯s SA assets in 2019 ¨C has been offline ever since mid-2020 when a deadly fire caused the plant to shut.
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.
Will Astron energy reopen Cape Town oil refinery?
Glencore¡¯s Astron Energy will this year reopen the Cape Town oil refinery amid a "strong commercial case" to bring the operation back online.
Will Astron energy reopen Milnerton refinery?
Astron Energy’s Milnerton refinery in Cape Town. Glencore expects to reopen the shuttered Cape Town oil refinery this year. Upon reopening, the operation will be able to produce additional products and will have an improved cost base. The commitment comes as Sapref becomes the latest refinery in SA to halt operations.