The UK Petroleum Industry Association (UKPIA) welcomes the news that ExxonMobil has made a final investment decision to increase the production of ultra-low sulphur diesel at their Fawley Refinery in the UK.
The UK downstream oil sector is worth £21.2 billion to UK GDP and supports 300,000 jobs . This major project to install a new hydrotreater unit and hydrogen plant, which will increase production and improve efficiency at the refinery, will further enhance the contribution of the industry to the UK’s economy.
UKPIA Director-General Stephen Marcos Jones, said, “This nearly £800 million investment is a real vote of confidence in the UK refining sector. Following other recent announcements from other UKPIA member companies of investments in their sites and distribution networks, this news is further proof of how the UK downstream oil sector continues to support growth and high-skilled jobs across the economy.”
Notes for editors:
- The UK Petroleum Industry Association (UKPIA) represents eight oil refining and marketing companies that operate the six major oil refineries in the UK and source over 85% of the transport fuels used. UKPIA members also own around 1,250 of the UK's 8,476 filling stations in the UK.
-  Oxford Economics, The Economic Contribution of the UK Downstream Oil Sector, [https://www.ukpia.com/media/1013/oxford-economics-ukpia-summary-report.pdf], February 2019