ExxonMobil affiliate Esso Norge AS plans install new processing unit

ExxonMobil to install processing unit at the Slagen refinery, Norway

10:54 AM, 5th September 2014
ExxonMobil affiliate Esso Norge AS plans to install a new processing unit

SLAGEN, NORWAY: ExxonMobil affiliate Esso Norge AS plans to install a new processing unit at the Slagen refinery to enable production of high quality vacuum gas oil, a higher-yield feedstock used to create finished products such as diesel. The new residual flash tower is an upgrading unit that will improve the facility’s overall crude distillation process by replacing production of heavy fuel oil with lighter, higher-value gas oil.

ExxonMobil is investing for the future in its Slagen refinery despite low margins and industry-wide losses in Europe. This project demonstrates ExxonMobil’s long-term view, with strategic investments in advantaged refineries to more successfully face the challenging industry environment. The company is evaluating investments in other advantaged assets in its global refining network.

“The new investment in Slagen builds upon other strategic investments in Europe and further strengthens the industry-leading position of our advantaged assets in meeting increasing demand for energy. This project, coupled with a recently announced major upgrade at our Antwerp facility, will further strengthen ExxonMobil’s integrated downstream portfolio in Europe to better compete in the challenging environment our industry currently faces,” said Jerry Wascom, President, Refining and Supply, ExxonMobil.

 

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Boardwalk Pipeline to acquire Chevron’s Evangeline ethylene pipeline system

HOUSTON, US: Boardwalk Pipeline Partners, LP has entered into a definitive agreement with Chevron Pipe Line Company to acquire Chevron Petrochemical P ...

Read more
Evonik to expand specialty silica capacities in Ako, Japan

ESSEN, GERMANY/AKO, JAPAN: Evonik Industries has announced an expansion of its specialty silica capacities in Ako, Japan through a holding in DSL Japa ...

Read more
Energy drinks may lead to serious heart problems, finds new study

SOPHIA ANTIPOLIS, FRANCE: Energy drink gives instant energy boost and are hot-sellers, especially when paired with alcohol in night clubs. Health expe ...

Read more
Lead, cadmium found in some Brazilian chocolates

WASHINGTON DC, US: Scientists have found that commercial samples of chocolate purchased in Brazil contain varying levels of lead and cadmium, which ca ...

Read more
Solvay to buy Ryton PPS business of Chevron Phillips

BRUSSELS, BELGIUM: Solvay has signed an agreement to buy the Ryton PPS (polyphenylene sulphide) business from US-based petrochemical company Chevron P ...

Read more
Technip bags industrial gas complex contract for Kochi Refinery in Kerala, India

KOCHI, INDIA: Technip was awarded a contract by Air Products to provide project management, as well as engineering, procurement and construction manag ...

Read more