ExxonMobil Presses the Start Button of a Billion-Euro Installation
In the Port of Antwerp, ExxonMobil celebrated the start-up of a large new installation at the refinery. Its construction represents an investment of more than a billion euros. This important investment confirms the strong competitive position of the Port of Antwerp and its commitment to cleaner energy for the future. This new plant converts high-sulfur oil products into cleaner transportation fuels.
From a ship with a view of the impressive installation top management of ExxonMobil pressed the start button of the Delayed Coker Unit (DCU). Due to its large size -93 meters - and the impact of the factory on the production process of cleaner transport fuels, the DCU is shaping a new horizon in the Port of Antwerp.
Antwerp's Strategic Position Further Strengthened
The Port of Antwerp continues to attract investments. The city, Port of Antwerp and Flanders are therefore committed to ensuring that top international companies can continue to make these investments. Host Jan Michielsen, CEO of ExxonMobil Benelux, emphasized the importance of the new plant for the strategic position of the Antwerp refinery and its ability to compete in a challenging environment for European refineries.
“This investment of one billion euros proves that ExxonMobil continues to play an important role in Antwerp. With this new factory, we meet the demand for low-sulfur transportation fuels and create new high-quality jobs. Along with the previous investments, it makes the Antwerp refinery one of the most modern and efficient in the world.” Over the last 15 years, ExxonMobil has invested 2.6 billion euros in Belgium.
Cleaner Transportation Fuels Meet New 2020 Standards
The DCU converts heavy, high-sulfur oil products into cleaner transport fuels, such as diesel and marine gagas oilDave Brownell, Senior Vice President of ExxonMobil Fuels & Lubricants: “With the Delayed Coker Unit we meet the stricter 2020 standards that the International Maritime Organization imposes for sulfur emissions and we meet the increasing demand for cleaner transport fuels. Moreover, the sulfur emissions from the refinery itself will also decrease by 75%."
Technological Innovations as Part of the Solution
It is through the constant commitment to technology and innovation that ExxonMobil contributes to finding solutions to the dual challenge: the rising demand for affordable energy on the one hand and the risks of climate change on the other. The company invests $1 billion annually in research and development, including low-emission technologies such as CO2 capture and storage, or Carbon Capture and Storage (CCS) and advanced biofuels such as from algae. "We therefore welcome the CCUS initiative from the Port of Antwerp to develop infrastructure that can facilitate the capture, use and storage of CO2 and look forward to exploring opportunities for cooperation,” concludes Jan Michielsen.
About ExxonMobil in Antwerp
The history of ExxonMobil started 125 years ago. The company supplies the market with fuels and lubricants under the Esso and Mobil brands. In Belgium, 1,500 people work for ExxonMobil. During the construction of the DCU, an average of 1,600 extra workers worked on the site, with nearly 3,000 at peak times. ExxonMobil spends about 1.3 billion euros a year on goods and services at large and small Belgian companies.
Read more about ExxonMobil: www.exxonmobil.be
Read more about Oil & Chemical cluster in Antwerp: https://www.businessinantwerp.eu/sectors/oil-chemical