ExxonMobil to invest $1B in Antwerp port

· Thursday, July 03, 2014

ExxonMobil said it will invest more than $1 billion in its refinery in the port of Antwerp.
The existing ExxonMobil refinery in Antwerp is one of the company’s best in terms of cost and energy efficiency, according to the Antwerp Port Authority. The new refinery will convert heavy, high-sulphur oil into cleaner products and transport fuel such as diesel and fuel oil for shipping.
This is not the first time ExxonMobil has expanded its facilities in Antwerp. During the past decade the company has invested more than $2 billion in Antwerp to meet European demand for fuels and other oil products, the port authority said.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.