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The Prax Group has completed its acquisition of Lindsey Oil Refinery and its associated logistic assets in the UK from Total.
The Prax Group has announced that it has completed its acquisition of Lindsey Oil Refinery and its associated logistic assets in the UK from Total.
Prax Group, which has appointed Luc Smets as the general manager of the refinery, signed a deal in July last year to purchase the assets, which include the Finaline pipeline and the Killingholme loading terminal, together with shares in joint venture operations.
The company said the acquisition of the refinery will bring about new investment and underlines its determination to support the local economy and the wider community, while continuing to explore new business opportunities as part of its long-term growth strategy.
Lindsey Oil Refinery buy-out complete as Prax Group takes ownership
A new general manager has been confirmed for the 500-acre site
Lindsey Oil Refinery has now been acquired by Prax Group (Image: Total Lindsey Oil Refinery)
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Lindsey Oil Refinery buy-out completes as Prax takes the helm
New general manager appointed as Total s long-running ownership of 52-year-old refinery comes to an end
09:56, 1 MAR 2021
Updated
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A new era on the Humber bank is under way with new owner and new manager for Lindsey Oil Refinery.
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