Connect with us

Hi, what are you looking for?

CleanTechnica

Fossil Fuels

Exxon Refinery In Norway Closes Down

An ExxonMobil refinery in Norway closed down in June 2021 due to the country’s stricter regulatory measures, Kaieteur News reported. Although this may be considered old news, there hasn’t been much reporting that I’m aware of on it.

The article noted that Exxon cited Norway’s evolving regulatory measures that govern the oil and gas industry among the reasons that it closed the refinery down. Norway has been pro-climate, and this has been especially reflected in its EV/auto market. Plugin vehicles were 86% of the country’s car sales in 2021, and full electrics alone were 64.5%. Tesla dominated, with the Model 3 and Model Y ending up being the two best selling vehicles in the country. That led to Tesla being the best selling brand in the auto market, surpassing Volkswagen.

Exxon was considering closing down its oil refinery in Norway in 2020. Esso, which is a trading name for Exxon, then said it was too early to say when a final decision would be made. A spokesperson told Reuters, “In practice, it means that we would stop producing oil products at the refinery and instead we will import them.”

The company also stated, “Refineries in Europe operate in an increasingly challenging market, characterized by falling demand and strong competition, leading to overcapacity in the market.”

That was in 2020. In July 2021, Argus Media reported that Exxon said that continuing the operation of the refinery “is not economically viable over the long term” because of “strong competition, evolving regulatory measures, and falling demand.”

Argus also added that around 60pc of Slagen’s products were exported and that it was the fifth European refinery to halt completely since the Covid-19 pandemic. This brings the lost crude distillation capacity to over 600,000 barrels per day (b/d).

Kaieteur News noted that the Slagen refinery that was closed was producing 120,000 b/d, and for now, Norway’s only refinery is the Mongstad plant, which is state-controlled and produces 200,000 b/d.

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

Johnna owns less than one share of $TSLA currently and supports Tesla's mission. She also gardens, collects interesting minerals and can be found on TikTok

Comments

You May Also Like

Climate Change

A new study says Exxon scientists accurately predicted the effect of carbon emissions on the environment 50 years ago.

Clean Transport

My four-year-old daughter loves movies and books about princesses. She likes to dress up like a princess. My daughters also like to ask me...

Clean Power

Norway is just a rich, European Algeria with a big piggybank. That means it's going to survive the transition adequately, but its economy is...

Boats

The sun rises as the small aircraft hits the frozen ground on the small island of Florø on the Norwegian west coast. My first...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.