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  • ExxonMobil commences planning process and prepares business case for multi-million pound Fawley investment
    édité le 25/09/2018 - Plus de news de "ExxonMobil" - Voir la fiche entreprise de "ExxonMobil"

ExxonMobil commences planning process and prepares business case for multi-million pound Fawley investment
ExxonMobil is considering significant upgrades at its Fawley site to help meet demand in the UK market for high quality fuels. If approved, the project, which is expected to involve an investment of hundreds of millions of pounds, will reduce the need for diesel imports to the UK, allow the site to process a wider selection of crude oils, and will help secure future employment for 1,000 employees at the site.

The proposed project would include a new hydrotreater unit, which would be supported by a new hydrogen plant.

Fawley refinery is the largest in the UK: approximately one in six cars in the UK operates on fuel produced there. Located on Southampton Water, the Fawley site has prime access to southern England and other markets in Europe.

Any final investment decision will be based on a number of factors, including regulatory approvals, market conditions and economic competitiveness. A final investment decision is not expected until the second quarter of 2019.

ExxonMobil has invested substantially in the Fawley site to maintain its safety, reliability and competitiveness, and we continually assess potential opportunities to meet evolving needs and satisfy market demand.

ExxonMobil is in the process of filing all appropriate permits and planning applications.

Simon Downing, Fawley Refinery manager, says: “If this project is approved, it would be a major investment in the site amounting to hundreds of millions of pounds, and a bold statement of confidence in Fawley and its ability to produce high quality fuels for the UK economy.

“This is an exciting time for everyone at Fawley. I congratulate the project team for all their hard work in getting us to this point. We hope to make our final investment decision in the first half of 2019.”

The Esso refinery at Fawley, near Southampton, is the largest in the UK and one of the most complex in Europe. Situated on Southampton Water, it has a mile-long marine terminal that handles around 2,000 ship movements and 22 million tonnes of crude oil and other products every year. The refinery processes around 270,000 barrels of crude oil a day and provides 20 per cent of UK refinery capacity.

The Fawley site, which consists of Esso Petroleum Company and ExxonMobil Chemical, has been an integral part of the history of the Waterside for over 90 years. We firmly believe in being responsible neighbours and are committed to supporting our community and protecting the environment for the good of our neighbours and workers alike.

About ExxonMobil

ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products and its chemical company is one of the largest in the world.

Origine : Communiqué ExxonMobil

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