- The acquisition includes Lindsey Oil Refinery, Finaline pipeline, and Killingholme terminal.
- Lindsey Oil Refinery processes up to 5.4 million tonnes of crude oil per year.
- The refinery employs around 400 people and 350 contractors.
- Completion of the acquisition is expected before the end of 2020.
Acquisition Details
The Prax Group has signed an agreement with Total to purchase Lindsey Oil Refinery and its associated logistic assets. The deal is subject to the conditions of sale being met. The acquisition includes all activities of Total Downstream UK Limited, comprising Lindsey Oil Refinery, the Finaline pipeline, and the Killingholme loading terminal.
Strategic Integration
The Prax Group aims to integrate the refinery and associated product flows into its UK distribution and retail footprint, which operates under the Harvest Energy brand. This move aligns with Prax Group’s long-term strategy to be fully integrated across the oil value chain from upstream to downstream.
Operational Capacity
Constructed in 1968, Lindsey Oil Refinery has the capacity to process up to 5.4 million tonnes of crude oil per year, equivalent to 109,000 barrels a day. The refinery employs around 400 people, with approximately 350 contractors currently working on site.
Timeline and Investment
The completion date of the acquisition is expected before the end of 2020. Lindsey Oil Refinery saw a major investment from Total in 2015, which modernized and streamlined the refinery.
