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US refiner Phillips 66 to acquire Britain's Lindsey oil refinery assets
Phillips 66 will integrate Lindsey Oil Refinery assets into Humber Refinery, enhancing UK fuel supply and energy security while supporting hundreds of jobs, officials said.
- Phillips 66 agreed to buy the Prax Lindsey refinery assets near its Humber Refinery in north-east Lincolnshire, supporting hundreds of jobs but without committing to keep the workforce beyond March.
- The company decided not to restart refinery operations at Lindsey due to its limitations, instead integrating the storage and infrastructure assets with the Humber site to improve fuel supply and explore growth opportunities.
- The UK energy minister said Phillips 66 was the 'most credible bidder', securing an industrial future for the Lindsey site and allowing the company to expand operations while boosting domestic energy security.
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32 Articles
32 Articles
Evening Standard+6 Reposted by 6 other sources
Prax Lindsey oil refinery to stop standalone operations after Phillips 66 sale
Phillips 66 said it had decided to not restart standalone refinery operations at the Lindsey site because it was not ‘viable in current form’.
·London, United Kingdom
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Total News Sources32
Leaning Left2Leaning Right0Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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