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ExxonMobil confirms $1 billion investment in Fawley refinery

24/04/2019
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ExxonMobil has said today that it has made a final investment decision to expand its Fawley refinery in the UK, to increase production of ultra-low sulphur diesel by almost 45 percent, or 38,000 barrels per day along with logistics improvements.
Exxon's expansion of the Fawley refinery will help the UK reduce the volume of its diesel imports
(Image via Wikipedia).

The more than $1 billion investment will help reduce the need to import diesel into the UK, which in 2017 imported about half of its supply. The investment includes a hydrotreater unit to remove sulphur from fuel, supported by a hydrogen plant, which combined will also help improve the refinery’s overall energy efficiency.

Ultra-low sulphur fuels lead to improved air quality when powering the latest technology engines on tractor-trailers, buses, marine vessels and off-road equipment. 

“ExxonMobil continues to invest in the Fawley refinery and chemical plant, Britain’s largest integrated refinery”, said Bryan Milton, president of ExxonMobil Fuels and Lubricants Company. “This investment will make Fawley refinery the most efficient in the United Kingdom, supporting Esso’s industry-leading logistics and fuels marketing operations”.

Detailed engineering and design work are now underway. Construction is scheduled to begin in late 2019, subject to regulatory approval, and startup is expected in 2021. At its peak, building activity will support up to 1,000 construction jobs.

Located on Southampton Water, the Fawley site also has strategic access to distribution logistics across southern England and export access to other markets in Europe and the Atlantic basin. 

Alongside recent investments at ExxonMobil’s refineries on the U.S. Gulf Coast, Rotterdam, Antwerp, and Singapore, the project will contribute to ExxonMobil’s announced plans to significantly increase the earnings potential of its downstream business 2025.

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ExxonMobil confirms $1 billion investment in Fawley refinery - Time to read 2 min
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