Phillips 66 to buy Prax Lindsey refinery assets in UK [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
The transaction remains contingent upon standard regulatory approvals and closing conditions. Located in the Humber region and built in 1968, the Prax Lindsey Oil Refinery was designed to process up to 113,000 barrels of oil per day. The deal with Phillips 66 comes after a bidding process run by FTI Consulting, which was appointed as special manager by the Official Receiver in June 2025, following the refinery's liquidation. Phillips 66 has decided not to resume independent operations at the Lindsey facility because of the site's relatively small scale and limited capabilities. Instead, the Lindsey site will be integrated with Phillips 66's Humber Refinery, a move that is expected to streamline operations and strengthen fuel supply across the UK. The Humber Refinery is situated on England's east coast in North Lincolnshire, roughly 180 miles north of London. Its processing units include crude distillation, delayed coking, fluid catalytic cracking, hydrodesulfurisation, na
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PSX
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- 10/29/25 - Beat
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- 1/9/26 - Form 4
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- 12/18/25 - Form S-8
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