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People & Business :: Green Issues

ExxonMobil to invest more than $1 billion in Antwerp refinery

2:20 AM MDT | July 2, 2014 | Natasha Alperowicz

Esso Belgium, a division of ExxonMobil, announced today that it plans to install a new delayed coker unit at its 320,000=bbl/day Antwerp refinery to convert heavy, higher-sulfur residual oils into transportation fuels products, such as marine gas oil and diesel fuel. The investment will amount to more than $1 billion. The new unit will expand the refinery’s ability to help meet energy needs throughout northwest Europe despite a challenging industry environment, the company says.   “Our investments at this refinery, totaling more than $2 billion...

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