Phillips 66 acquires Lindsey Oil Refinery assets but plans no reopening
The Prax Lindsey oil refinery in North Lincolnshire was bought out of administration by US energy company Phillips 66, which plans to merge it with its nearby Humber refinery, ceasing standalone operations but aiming to secure jobs and boost UK fuel supply. The deal follows Prax Lindsey's collapse last summer amid financial irregularities and legal issues involving its former owner, with the future of the site now tied to Phillips 66's expansion plans.