ExxonMobil will expand the Fawley refinery in the UK to increase production of ultra-low Sulphur diesel by almost 45%.
The investment, which also includes logistics improvements, will help reduce the need to import diesel into the UK, which imported about half of its supply in 2017.
The more than £800 million investment includes a hydrotreater unit to remove Sulphur from diesel, supported by a hydrogen plant.
Construction is scheduled to begin in late 2019, and startup is expected in 2021.
Simon Downing, Fawley Refinery manager, says: 'This latest significant investment supports the long-term competitiveness of Fawley, Britain's largest integrated refinery and petrochemical plant. It also reflects ExxonMobil's strong and continued presence in the UK.
The project, alongside recent investments at the company's refineries on the US Gulf Coast, Rotterdam, Antwerp and Singapore, will contribute to ExxonMobil's announced plans to significantly increase the earnings potential of its downstream business by 2025.
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