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Exxonmobil To Invest £500M In Fawley Refinery Overhaul

by telegraph.co.uk posted 1week ago 17 views
US oil giant ExxonMobil is planning to undertake a major overhaul of Britain’s largest refinery at Fawley on the Hampshire coast worth an estimated half a billion pounds. The £500m upgrade plan, if approved by the local authorities, would enable Fawley to produce more high-quality diesel to offset the rising demand for European imports. Fawley already fuels around one in six British vehicles. The 3,000-acre site makes up a fifth of the UK’s refining activities and processes around 270,000 barrels of crude oil a day.

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