PRIOS was engaged at an early stage to assess strategic alternatives for a major high conversion oil refinery asset in Western Europe, containing a modern RFCC.

The original intention of the asset owner was the dismantling and scrapping of the facility. PRIOS challenged this strategy and developed a commercially viable alternative based on international resale and relocation of the refinery asset. Through technical, commercial and logistical assessments, substantial value creation opportunities were identified for both asset owners and potential investors.

Over several years, PRIOS supported the project through asset evaluation, relocation studies, redevelopment concepts and transaction support activities. Services included high-level feasibility assessments for potential destination markets, preliminary engineering considerations, dismantling concepts, transportation studies and reconstruction cost evaluations.

Particular emphasis was placed on the development of integrated cost models covering dismantling, logistics, relocation and reconstruction of the refinery complex. The resulting estimates reached project values in the range of several hundred million US dollars, a project time saving of approx 50% and highly attractive ROI under certain conditions, which formed an important basis for evaluating the commercial viability of potential relocation scenarios.

The project demonstrated the significant value that can be created when industrial assets are assessed not only from a scrap perspective, but as operational facilities capable of generating long-term value in new markets.