Antwerp Port Authority is extremely pleased with the decision by the American oil giant ExxonMobil to invest more than 1 billion dollars in its refinery in the port of Antwerp. The investment demonstrates ExxonMobil’s confidence in the port of Antwerp and in the European industry, which in these challenging times is a very positive signal.
The existing ExxonMobil refinery in Antwerp is one of the company’s best in terms of cost and energy efficiency. The new refinery will convert heavy, high-sulphur remainder fractions into cleaner oil products and transport fuel such as diesel and fuel oil for shipping. This will enable ExxonMobil to extend its product range in Antwerp and strengthen its worldwide competitive position. This is not the first time that ExxonMobil has expanded its facilities in Antwerp by investing in innovative technology: over the past decade the company has sunk more than 2 billion dollars in Antwerp to meet European demand for fuels and other oil products.