Exxon Plans To Boost Its Downstream Profitability With Belgium Refinery Upgrade |
| July 12, 2014 | July 2014 Bond Updates |
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Exxon Mobil recently announced plan to invest over $1 billion in the upgrade of its Belgian refinery. The company plans to install a new delayed coker unit at its Antwerp refinery that will convert heavy, high-sulfur residual oils into products such as marine gas oil and diesel fuel. We believe that the planned refinery upgrade would improve Exxon’s downstream margins in the long run by boosting its yield of higher-margin transportation fuels. |
| View more at: http://www.forbes.com/sites/greatspeculations/2014/07/11/exxon-plans-to-boost-its-downstream-profitability-with-belgium-refinery-upgrade/ |
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