17-09-2019
ExxonMobil announces further investment at Fife ethylene plant
ExxonMobil said today it plans to launch a £140 million additional investment program over the next two years at its Fife ethylene plant to upgrade key infrastructure and introduce new technologies that will significantly improve operational reliability and performance.
“These planned investments demonstrate our commitment to long-term reliable operations at the site.” said Jacob McAlister, plant manager at the Fife ethylene plant. “While already one of the most modern plants of its kind in Europe, we are always looking for ways to improve reliability and efficiency through continued maintenance and investment in new technologies. Fife has a long-term future as a competitive asset, contributing to both the local and national economies.”
A portion of the £140 million investment will go toward technologies that reduce the impact of flaring, including a state-of-the-art flare tip, which will reduce noise and vibration.
The project will support approximately 850 local construction jobs and benefit 40 local suppliers.
“We are committed to the highest operational and regulatory standards,” said McAlister. “This investment further contributes to the local economy and across Scotland through job creation and procurement contracts.”
This is the latest investment by ExxonMobil companies in the U.K. In April, plans to proceed with a more than £800 million expansion plan at the Fawley refinery and petrochemical plant near Southampton were announced. In May, a £75 million project to double the capacity of the advanced elastomers production plant in Newport, Wales was completed.
The Fife ethylene plant began operations in 1985 and has a production capacity of over 800,000 tonnes of ethylene a year. Over the last 30 years, it has been a major employer in the area, currently employing over 270 employees and core contractors, with more than 60 percent living within 10 miles of the plant.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Black & Veatch to proceed for FLNG project in Canada
Black & Veatch’s proven PRICO® liquefaction technology solidifies preferred status in the FLNG market. Global liquefied natural gas (LNG) infrastructure solutions ...
11-04-2024