ExxonMobil to Invest over $1 Billion in Diesel Supply

dieseldorf

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ExxonMobil to Invest over $1 Billion to Increase Cleaner Diesel Supply


FAIRFAX, Va.

ExxonMobil Refining & Supply today announced it will invest more than $1 billion in three refineries to increase the supply of cleaner burning diesel by about six million gallons per day. The company will construct new units and modify existing facilities at its Baton Rouge, Louisiana; Baytown, Texas; and Antwerp, Belgium, refineries.

“This underscores the company's ongoing commitment to meeting the growing needs of the marketplace, while, at the same time, providing cleaner burning fuels to consumers. Our increase in diesel production at these three sites will be equal tothe diesel produced from about four average-size refineries,” said Sherman Glass, President, Refining & Supply. “In combination with cleaner-burning engines and the latest vehicle emissions control technologies, this low sulfur diesel reduces emissions in both on-road transportation, and off-road industrial sectors.”

This investment is the latest phase in ExxonMobil's efforts to increase supplies and reduce the sulfur content of both motor gasoline and diesel. In 2000, the company began an integrated approach to convert and modify refineries, terminals and pipelines to provide ultra low sulfur fuel products.

By 2010, the refineries’ modifications and expansions are expected to be completed, increasing production of diesel with sulfur levels of 15 parts per million (ppm) or less.

About ExxonMobil Refining & Supply

ExxonMobil Refining & Supply operates a global network of reliable and efficient manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants, and other high-value products and feedstocks to our customers around the world.

About ExxonMobil Baytown, Baton Rouge and Antwerp Refineries
  • The Baytown Refinery is the largest oil refinery in the United States, with a crude capacity of approximately 567,000 barrels per day.
  • The Baton Rouge Refinery is the second-largest oil refinery in the United States, with a crude capacity of approximately 503,000 barrels per day.
  • The Antwerp Refinery is the second largest ExxonMobil refinery in Europe, with a crude capacity of approximately 305,000 barrels per day.
 

wjdell

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Its a good thing. One day we may see RUG eclipse D2 in price, which is the way it should be. The future is in diesel electric, GTL electric, not gasoline.
 

dieseldorf

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it also speaks well to the fact that they must believe demand for diesel will increase as time passes.
 

TornadoRed

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Dimitri16V

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mrGutWrench

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TornadoRed said:
(snip) Exxon-Mobil is taking the long-term view. (snip)
__. I don't have any factual sources to back it up, but I've seen press reports that refineries in Europe and Southeast Asia are being updated to produce more distillate output, as well. It certainly makes sense that they would - distillate is where the profit is.
 
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