NEWS

        7thSeptember 2021

PRAX LINDSEY OIL REFINERY JOINS THE V NET ZERO HUMBER CLUSTER
 
 

Prax Lindsey Oil Refinery, a member of the Prax Group of companies, has joined the V Net Zero Humber Cluster, a project based in the Humber region in the north east of England.  This forms part of the Prax Group's ongoing commitment to developing sustainable strategies for the business, both for now and for the future.

The V Net Zero Humber Cluster is led by Harbour Energy and is currently made up of the following organisations - Prax Lindsey Oil Refinery,  Humber Zero (with partners: Phillips 66 Humber Refinery and Vitol's VPI Immingham power plant) and EP UK Investments.  The project seeks to decarbonise CO2 emissions, with the CO2 transported by pipeline for storage in the depleted Viking gas fields, located off the nearby Lincolnshire coast.

Prax Lindsey Oil Refinery's initial target is to capture 1.1 million tonnes of CO2 per year from the refinery's heaters and process units for transport and storage by Harbour Energy.  This project is likely to be implemented in two phases; the first in 2027 and the second phase will follow in 2029.

Luc Smets,General Manager at Prax Lindsey Oil Refinery, said:"We are extremely pleased to announce that Prax Lindsey Oil Refinery is a member of the V Net Zero Humber Cluster project.  This underlines our determination to support the local economy and the wider community, whilst enabling us to explore new, sustainable business opportunities.  As a dynamic and forward-thinking organisation, we consistently look for ways to keep our business innovative so that we can continue to meet the needs of our customers, whilst being mindful of the planet and its resources.  Committing to decarbonising our emissions represents the firm commitment we have to minimising adverse effects on the environment, wherever it is practical for us to do so.  In this, we are committed at all levels and within all functions of the Prax Group."

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Notes to Editors

About The Prax Group:Headquartered in the UK, the Prax Group is a leading British, multi-national, independent oil refining, trading, storage, distribution and retail conglomerate dealing in crude oil, petroleum products and bio-fuels. The company has established principal offices in London, Houston and Singapore, and additional satellite offices across the world.

Corporate Headquarters:

Prax Group

York House

45 Seymour Street

London W1H 7JT

United Kingdom

Tel: +44 (0) 207 580 0033

Fax: +44 (0) 207 580 0334

Email:press@prax.com