Refinery Due Diligence
Scrutinise refinery operations, capacity, and compliance to manage complex risk.
What’s included
- Refinery configuration & complexity assessment
- Nameplate vs. actual throughput verification
- Maintenance, turnaround & reliability history
- Environmental, health & safety compliance review
- Ownership, offtake & supply-chain mapping
- Incident, insurance & litigation screening
Refineries add processing risk to storage risk
A refinery is not just storage with extra equipment — it is a complex operating system whose value depends on configuration, demonstrated throughput, reliability, and a clean compliance record. Our Refinery Due Diligence engagement examines all of these so you understand the operational and liability risk before you commit.
Configuration and capacity
We assess the refinery’s configuration and complexity and, critically, the gap between nameplate capacity and what the unit has actually demonstrated. Overstated capacity is one of the most common — and most expensive — surprises in refining transactions.
Reliability and compliance
We review maintenance and turnaround history for reliability red flags, and examine environmental, health, and safety compliance for exposures that could become your liability. Incidents, enforcement actions, and outstanding litigation are surfaced and rated.
You finish with a clear, evidence-based view of the refinery’s operational health and a recommendation on the conditions, protections, or price adjustments the transaction warrants.
Deliverables
Operational findings report
A structured report covering configuration, actual vs. nameplate capacity, reliability, and compliance — with risk ratings.
Compliance & incident summary
A focused summary of environmental, safety, and legal exposures drawn from public and sourced records.
Risk-adjusted recommendation
A clear recommendation on the conditions or protections you should attach to the transaction.
Engagement process
- 1
Intake & scoping
We align on the refinery, the transaction type (processing, offtake, acquisition), and the questions that matter most to you.
- 2
Configuration & capacity review
We assess refinery configuration, complexity, and the gap between nameplate and demonstrated throughput.
- 3
Reliability & compliance deep-dive
We examine maintenance and turnaround history, environmental and safety compliance, and any incidents or litigation.
- 4
Report & risk recommendation
You receive the findings report and a risk-adjusted recommendation on how to structure or condition the deal.
Frequently asked
How is refinery due diligence different from tank farm due diligence?+
Refineries add processing risk: configuration and complexity, actual versus nameplate throughput, reliability and turnaround history, and environmental and safety compliance. This engagement covers all of that in addition to the ownership and title verification applied to storage.
Can you assess refineries in any jurisdiction?+
We cover major refining jurisdictions globally. Where on-site assessment or local regulatory expertise is required, we coordinate with vetted local engineers and counsel under our engagement.
Do you assess environmental liability?+
Yes. Environmental, health, and safety compliance — including incidents, enforcement history, and known exposures — is a core part of the refinery assessment, since these can translate directly into deal value or liability.