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Released October 01, 2019 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--ExxonMobil Corporation (NYSE:XOM) (ExxonMobil) is set to move ahead with its proposed £800 million ($1 billion) overhaul of the U.K.'s largest refinery, Fawley, following permission from local authorities.
The New Forest District Council planning committee agreed the application overwhelmingly despite more than 100 objections regarding environmental impact and noise pollution. The council's report claimed that the impact on air quality would be "minimal" and noise and vibration would remain within acceptable limits. Industrial Info is tracking the project to raise its production of ultra-low-sulphur diesel by almost 45%, or 38,000 barrels per day (BBL/d), along with logistics improvements. The company first revealed plans to invest £500 million ($646 million) last September but has since increased the investment to its current total in May this year. For additional information, see May 7, 2019, article - ExxonMobil Pumping $1 Billion into U.K. Refinery.
Fawley, home to Esso Petroleum Company and ExxonMobil Chemical, 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--20% of U.K. refinery capacity--and approximately one in six cars in the U.K. run on fuel produced there. ExxonMobil said that the investment will help meet demand in the U.K. market for high-quality fuels, reduce the need for diesel imports and allow the site to process a wider selection of crude oils. The U.K. imported about half of its diesel supply in 2017.
The report confirming permission stated: "The site is the largest oil refinery in the U.K., providing approximately 20% of the refinery capacity, and plays an important role within the national and international economy. This proposal for significant investment brings significant benefits to the ongoing future of the refinery."
ExxonMobil said that the investment will help meet demand in the U.K. market for high-quality fuels, reduce the need for diesel imports and allow the site to process a wider selection of crude oils. The U.K. imported about half of its diesel supply in 2017.
"[The development will] help to secure future employment for 2,000 people on site and the many thousands more in the New Forest economy who serve the site and its workers," a spokesperson for ExxonMobil told media. "It would also have a positive impact on UK energy security."
Industrial Info is tracking all of the key projects planned for Fawley, including the hydrotreater unit and a hydrogen plant. Detailed engineering and design is underway, with construction--which will create 1,000 jobs--scheduled to start later this year. Commissioning is expected in 2021.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
The New Forest District Council planning committee agreed the application overwhelmingly despite more than 100 objections regarding environmental impact and noise pollution. The council's report claimed that the impact on air quality would be "minimal" and noise and vibration would remain within acceptable limits. Industrial Info is tracking the project to raise its production of ultra-low-sulphur diesel by almost 45%, or 38,000 barrels per day (BBL/d), along with logistics improvements. The company first revealed plans to invest £500 million ($646 million) last September but has since increased the investment to its current total in May this year. For additional information, see May 7, 2019, article - ExxonMobil Pumping $1 Billion into U.K. Refinery.
Fawley, home to Esso Petroleum Company and ExxonMobil Chemical, 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--20% of U.K. refinery capacity--and approximately one in six cars in the U.K. run on fuel produced there. ExxonMobil said that the investment will help meet demand in the U.K. market for high-quality fuels, reduce the need for diesel imports and allow the site to process a wider selection of crude oils. The U.K. imported about half of its diesel supply in 2017.
The report confirming permission stated: "The site is the largest oil refinery in the U.K., providing approximately 20% of the refinery capacity, and plays an important role within the national and international economy. This proposal for significant investment brings significant benefits to the ongoing future of the refinery."
ExxonMobil said that the investment will help meet demand in the U.K. market for high-quality fuels, reduce the need for diesel imports and allow the site to process a wider selection of crude oils. The U.K. imported about half of its diesel supply in 2017.
"[The development will] help to secure future employment for 2,000 people on site and the many thousands more in the New Forest economy who serve the site and its workers," a spokesperson for ExxonMobil told media. "It would also have a positive impact on UK energy security."
Industrial Info is tracking all of the key projects planned for Fawley, including the hydrotreater unit and a hydrogen plant. Detailed engineering and design is underway, with construction--which will create 1,000 jobs--scheduled to start later this year. Commissioning is expected in 2021.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
