Entity

Klesch Refining Denmark A/S (KRD) is an active Danish holding company incorporated in 2021 as the immediate parent entity of Kalundborg Refinery A/S, sitting between Klesch Petroleum SA (Geneva) and the operating refinery company. It was originally incorporated as an ApS (private limited company) specifically as an acquisition vehicle for the purchase of Equinor Refining Denmark A/S, and has since been re-registered as an A/S (public limited company).

Role within the Group

Klesch Refining Denmark A/S is a pure holding entity with no operational activities of its own. Its sole purpose is to hold 100% of the shares in Kalundborg Refinery A/S, through which all operational and commercial activities in Denmark are conducted. It is registered at the same address as Kalundborg Refinery A/S — Melbyvej 17, 4400 Kalundborg — reinforcing its role as a shell holding structure rather than an independent operating entity.

Legal Proceedings

Klesch Refining Denmark A/S is a named claimant — alongside Klesch Group Holdings Limited and Kalundborg Refinery A/S — in an active ICSID arbitration against the Kingdom of Denmark (ICSID Case No. ARB/23/48), relating to the manufacture of coke and refined petroleum products. This confirms the entity remains active and legally relevant.