Exxon Mobil will invest 500 million pounds to upgrade its refinery


The US oil corporation Exxon Mobil, one of the largest in the world in terms of market capitalization, announced its intention to invest in the modernization of its refinery Fawley in the UK more than 500 million pounds sterling. The Financial Times writes that these Exxon investments will be the most significant in the British oil refining sector in almost 30 years. Fawley will receive new plants for complex oil treatment. A hydrotreating reactor will be installed, as well as a hydrogen plant, which will allow Fawley to process a significantly larger number of types of oil. The final investment project of Exxon should still receive the approval of the British authorities and the board of directors of the company.

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