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Equinor owns Denmark's largest oil refinery, Kalundborg, through Equinor Refining Denmark AS. We also own Danske Commodities, a leading energy trading house specialising in electricity and gas.

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Danske Commodities

In 2019, Equinor acquired Danske Commodities, a leading energy trading house. Danske Commodities trades power and gas across borders and uses its market knowledge and trading setup to support customers including renewable producers, conventional asset producers and energy suppliers.

The EUR 400 million acquisition of Danske Commodities (DC) supports our development as a broad energy company and strengthens our ability to capture value from our production of renewable electricity.  

DC’s market presence and expertise in energy trading also complements our position as the second-largest supplier of natural gas to Europe and as one of the world’s largest net-sellers of crude oil.

Kalundborg refinery

The Kalundborg refinery in Denmark is owned by Equinor Refining Denmark A/S and is Denmark's largest oil refinery, processing about 5.5 million tonnes of crude oil and condensate per year, with a tank capacity of some 800 million litres.

The oldest parts of the refinery were put into use in 1961, and the plant has been gradually developed since then. Equinor purchased the refinery from Dansk Esso A/S in 1986. In 1995 a condensate distillation plant was added, enabling the refinery to receive a large amount of condensate, a light crude. It was thus possible to produce high value products.

Equinor Refining Denmark A/S produces naphtha, petrol, diesel, fuel oil, jet fuel and heavy fuel, and the primary markets besides the Danish market are Scandinavia and northwest Europe. The refinery mainly processes various crude oils and condensate from the Norwegian continental shelf, but also receives crudes from West Africa.

All crude oil and condensate are transported to Kalundborg by tankers, and most of the completed products are also transported by sea. There are about 625 shipping movements per year, and Equinor Refining Denmark AS therefore has a harbour in connection with the plant. 

Industrial Symbiosis

Equinor Refining Denmark A/S is one of several local enterprises included in the Industrial Symbiosis initiative in Kalundborg.

The Kalundborg Symbiosis is an industrial ecosystem, where the by-product residual product of one enterprise is used as a resource by another enterprise, in a closed cycle.  An industrial symbiosis is a local collaboration where public and private enterprises buy and sell residual products, resulting in mutual economic and environmental benefits.

The following industries are part of the initiative: 

  • Equinor Refining Denmark
  • Ørsted
  • Novo Nordisk
  • Novozymes
  • Gyproc Saint Gobain
  • Kalundborg Forsyning
  • Agro
  • Avista Oil
  • Biopro
  • Kalundborg Kommune (Kalundborg Municipality)

    Follow the link: www.symbiosis.dk for futher details.

Green accounts and sustainability reports

Equinor Refining Denmark AS publishes its Green Accounts annually, describing out efforts to manage and limit the impacts from our operations on the environment and work environment.

The Green Accounts include:

  • The management account, describing production and environmental work.
  • Health, safety and environmental goals
  • Environmental data for the past five years of production.

From 2015 the annual Green Accounts were changed to an environmental report following the new statutory order for PRTR (Pollutant Release and Transfer Register). From 2018 onwards the Environmental Report became a Sustainability Report.