EnergyWatch

Billion-euro expansion of biggest Nordic refinery dropped after climate protests

A planned expansion of oil firm Preem's refinery in Lysekil, Sweden, would cost more than EUR 1.4 billion and increase CO2 emissions by over one million tonnes per year. Greenpeace calls it a victory for the climate movement, while Preem says its decision to drop the plans is purely commercial.

Preemraff Lysekil is the biggest refinery in the Nordics. Now, plans to expand it with capacity to convert HFO to gasoline and diesel are shelved. | Photo: Preem

Is expanding the oil industry reconcilable with strict climate goals?

The question is being addressed across the globe these years, and last week an answer of sorts came out of Sweden.

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