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ExxonMobil's Antwerp Coker Investment – A Silver Lining for Europe?

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Report summary

ExxonMobil recently announced an investment of US$1.3 billion to upgrade its Antwerp facility by the addition of a 50 kb/d coking unit. This is a major investment in a sector and region for which the future refining outlook is challenging. This insight explores the rationale for ExxonMobil's decision its indicative economics and the additional strategic factors that could have influenced its internal decision making.

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