EnergyWatch

Statoil shuts down combined heat and power plant

Several years of deficits are now prompting Statoil to close its combined heat and power plant at the Mongstad refinery.

Photo: Øyvind Hagen - Statoil

Statoil has decided to phase out its combined heat and power plant (CHP) in Mongstad, states the company.

"The reason for this decision is that the CHP has had less utilization than planned due to lower steam demand at Mongstad. This has resulted in severe operating loss and actions to adjust the activity are unavoidable," says Grete Haaland, Senior Vice President for Asset Management in Marketing, Midstream and Processing in Statoil, in the press release.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Price cap on gas in Europe is a complex issue and potentially very costly

European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.

Further reading

Related articles

Latest News

See all jobs