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News	Kokel, Nicolas Rhone Energies 2024/11/05 12:44 PM Exxon Sells French Refinery View Main Message ExxonMobil’s Esso division has completed the sale of the Fos-sur-Mer refinery, one of France’s major refineries, and two other oil terminals to Rhone Energies, a consortium formed by Trafigura with Entara LLC. The deal was announced on Friday, November 1, 2024. The Fos-sur-Mer refinery has a crude oil processing capacity of 140,000 barrels per day. The transaction includes the Toulouse and Villette-de-Vienne terminals, operated by Exxon’s local unit Esso. This sale marks a significant reduction in Exxon’s refining capacity in Europe, with its total refining capacity in the region decreasing to approximately 1.1 million barrels per day. However, Exxon remains the second-largest refining capacity holder in northwestern Europe, after TotalEnergies. The sale is part of Exxon’s efforts to divest non-core assets and focus on its core business. The company is also close to selling its 25% stake in a German refinery, MiRO Mineraloelraffinerie Oberrhein GmbH. #crudeoil #refining #refinery #exxonmobil #totalenergies #france #miro #rhoneenergies
Finance	Kokel, Nicolas INEOS Sarralbe 2024/09/30 07:54 AM INEOS Polymers Sarralbe created. View Main Message INEOS Polymers Sarralbe has been added and parent company identified. #ineos #france #polymers
News	Kokel, Nicolas Gravenchon (PJ) 2024/08/02 04:55 AM ExxonMobil cuts 677 jobs and closes chemical operations in Gravenchon, France View Main Message Credit: @ExxonMobil, Port-Jérôme (Gravenchon) refinery ExxonMobil Chemical 🇫🇷 France (EMCF) announced on April 11 the definitive shutdown of the steam cracker and the polyethylene, polypropylene, adhesives and associated logistics facilities units at the Gravenchon site in Port-Jérôme-sur-Seine (Seine-Maritime) in 2024. This will result in the loss of 677 jobs out of a workforce of 2,400 employees in France during 2025, the company said in a press release. In detail, 647 positions will disappear on site and 30 at the company's management in Nanterre (Hauts-de-Seine). The Port-Jérôme refinery activities are not affected. The site will continue to produce and supply fuels, lubricants, base oils and bitumens. Similarly, the activity of Infineum, the joint venture between ExxonMobil and Shell for the production of additives, is not part of the announcement. In 2020, 35 million euros were invested in these operations also located in Gravenchon. #fuels #lubricants #bitumen #polyethylene #polypropylene #steamcracking #steamcracker #refining #refinery #france #exxonmobil