Phillips 66 Ltd. completes acquisition of Lindsey Oil Refinery assets
- Phillips 66
- 6 days ago
- 1 min read
Phillips 66 Ltd. announced April 28 that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd., which is in liquidation.
The transaction comes after the company previously agreed to the deal in January, stating its intention to integrate key assets into its Humber Refinery operations in North Lincolnshire, U.K.
“Completing this transaction allows Phillips 66 to play an even stronger role in supporting the U.K.’s fuel supply and the resilience of this critical energy infrastructure,” said Paul Fursey, Phillips 66 Ltd.’s U.K. lead executive.
“This strategic move will unlock new growth opportunities for traditional and renewable fuels and help protect U.K. energy security at a time when domestic production is under pressure,” he added.
When integrated with the Humber site, Phillips 66 Ltd. plans to leverage storage and other infrastructure assets to enhance Humber Refinery operations and improve fuel supply to U.K. customers.
As a wholly owned subsidiary of Phillips 66, Phillips 66 Ltd. has been operating in the U.K. for over 60 years.
The Humber Refinery continues to produce sustainable aviation fuel (SAF), graphite coke for electric-vehicle batteries, petrochemical feedstocks and transportation fuels.
