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.
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