ExxonMobil has begun operations at its new refinery unit in Belgium, Antwerp which has the capacity to produce 50,000 barrel per day, converting heavy, higher-sulphur residual oils into fuels for marine transportation. The refinery's expansion is part of a push to cover northwest Europe's growing demand for clean transportation fuels, as companies make changes to comply with the International Maritime Organization's low-sulphur fuel requirements from 2020. The US company has invested $2bn in its Belgium facility over the last decade to keep up with technological and regulatory changes.
ExxonMobil has begun operations at its new refinery unit in Antwerp, Belgium which has the capacity to produce 50,000 barrel per day, converting heavy, higher-sulphur residual oils into fuels for marine transportation. The refinery's expansion is part of a push to cover northwest Europe's growing demand for clean transportation fuels, as companies make changes to comply with the International Maritime Organization's low-sulphur fuel requirements from 2020. The US company has invested $2bn in its Antwerp facility over the last decade to keep up with technological and regulatory changes.