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Banks greenlight the rescheduling of IPLOM’s debt

Genoa - About two and a half years after the accident of April 17, 2016, when a leak on a pipeline created a massive spill of crude oil that led to the suspension of all refining activity for 6 months (the longest in the company’s history), IPLOM has – since the full recovery of industrial activity, signed an agreement with banks

Genoa - About two and a half years after the accident of April 17, 2016, when a leak on a pipeline created a massive spill of crude oil that led to the suspension of all refining activity for 6 months (the longest in the company’s history), IPLOM has – since the full recovery of industrial activity – signed an agreement with certain banking institutions that guarantees the necessary financial backing for the company’s further development.

In practice, the banks have confirmed their support to the company through the rescheduling of part of its debt. “IPLOM has been present in Liguria since 1949. We produce the whole range of petroleum products with low environmental impact and we are one of the few refineries that produce bitumen. From 2020 we will be among the few able to produce bunker fuel oil at 0.5% sulphur, in compliance with the new IMO regulations, which we believe will be mainly used in the port of Genoa,” says Giorgio Profumo, president and CEO of IPLOM. IPLOM retained the Bonelli Erede firm for its legal needs (with lawyers Gianpiero Succi and Daniele Gambirasio).

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