ExxonMobil to install processing unit at the Slagen refinery, Norway

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.

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