💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Exxon sees delayed Antwerp clean fuels unit running by mid-2018

Published 11/28/2017, 08:37 AM
© Reuters.  Exxon sees delayed Antwerp clean fuels unit running by mid-2018
XOM
-
  • Exxon Mobil (NYSE:XOM) says it expects a new $1B fuel upgrading unit at its Antwerp refinery to be fully operational in H1 of next year.
  • The delayed coker unit will enable the 320K bl/day refinery to upgrade high-sulfur fuel into various types of diesel, including the variant mandated by new laws governing shipping fuels.
  • The switch to cleaner fuels in the world’s ships mandated by the International Maritime Organization will reduce the maximum level of sulfur that can be burned to 0.5% in 2020 from 3.5% now.
  • Now read: Can New CEO Woods Get Exxon Mobil's Mojo Back?


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.