ExxonMobil affiliate Esso Norge AS plans to install a new processing unit at the Slagen refinery to enable production of high quality vacuum gas oil, a higher-yield feedstock used to create finished products such as diesel. The new residual flash tower is an upgrading unit that will improve the facility's overall crude distillation process by replacing production of heavy fuel oil with lighter, higher-value gas oil.

'The new investment in Slagen builds upon other strategic investments in Europe and further strengthens the industry-leading position of our advantaged assets in meeting increasing demand for energy,' said Jerry Wascom, president of ExxonMobil Refining and Supply Company. 'This project, coupled with a recently announced major upgrade at our Antwerp facility, will further strengthen ExxonMobil's integrated downstream portfolio in Europe to better compete in the challenging environment our industry currently faces.'

Tags: ExxonMobil