ExxonMobil and the Netherlands’ government leaders met in the Port of Rotterdam to celebrate the beginning of a new installation at the port’s refinery. The project reflects an investment of more than a billion euros. The hydrocracker plant uses a first in the world combination of proprietary process and catalyst technology to efficiently produce both high-quality base stocks and ultra-low sulphur diesel.
The Port of Rotterdam takes a big leap as the size of the investment, the new product slate, and the efficiency improvement of the Rotterdam refinery, the new unit is shaping a new horizon.
From a ship in the petroleum harbor with a view on the impressive installation, Minister Wiebes and Bryan Milton, president of ExxonMobil Fuels & Lubricants Company symbolically inaugurated the advanced hydrocracker. Senior government officials, including Minister Eric Wiebes of Economic Affairs and Climate Policy, Chief Executive Officer of the Port of Rotterdam Allard Castelein and Shawn Crowley, Deputy Chief of Mission of the US Embassy attended the ceremony.
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In the meantime, Jan Michielsen, CEO of ExxonMobil Benelux highlighted that from this project, the Port will gain a better strategic position as a refinery and improve its ability to compete in a challenging environment for European refineries.
Michielsen continued that the company invests $1 billion annually in research and development, including low-emission technologies such as CO2 capture and storage, or carbon capture and storage (CCS), and advanced biofuels such as from algae.
We therefore welcome the CCS initiative from the Port of Rotterdam and Port of Antwerp to develop infrastructure that can facilitate the capture and storage of CO2 and look forward to exploring opportunities for cooperation.
