Antwerp Port Welcomes $1Bn Cash Injection from Exxon

Exxon's Antwerp Refinery Set for $1bn Upgrade

Antwerp Port Authority has welcomed the latest in a series of investments by oil mayors in the port with the decision by ExxonMobil to invest more than $1 billion in its refinery in the port.

 

ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical B.V.B.A. plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel.

The new unit will expand the refinery’s ability to help meet energy needs throughout northwest Europe, despite a challenging industry environment.

Over the past decade Exxon has sunk more than 2 billion dollars in Antwerp to meet European demand for fuels and other oil products.

“The financing decisions by companies such as Total, Praxair, Evonik Industries and others show that the chemical industry believes strongly in the unique multifunctional capabilities offered by the port,” the Port Authority said.

The Port Authority’s aims to further develop this platform and it has set up a special team to expand the oil and chemical cluster in Antwerp, by amongst others intensifying the marketing effort towards existing companies and extending the operation of the supply chain. In parallel the Port Authority will offer state-of-the-art capacity and promote the renewal of facilities.

Press Release, July 3, 2014

Press Release; July 3rd, 2014

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >