Phillips 66 Limited has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Limited (in Liquidation). The transaction followed the company’s agreement to the deal in January, when it stated its intention to integrate key assets into its Humber Refinery operations.
Paul Fursey, Phillips 66 Limited UK lead executive, said that completing the transaction would allow Phillips 66 to play a stronger role in supporting the UK’s fuel supply and the resilience of critical energy infrastructure. He described the move as strategic, noting it would unlock new growth opportunities for traditional and renewable fuels while helping to protect UK energy security at a time when domestic production is under pressure.
Once integrated with the Humber site, Phillips 66 Limited plans to leverage storage and other infrastructure assets to enhance Humber Refinery operations and improve fuel supply to UK customers.
For more information visit www.p66.com
