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PSX Expands UK Footprint With Lindsey Refinery Asset Purchase
ZACKS· 2026-01-07 18:05
Key Takeaways Phillips 66 agreed to acquire the assets of the UK's Lindsey Oil Refinery, pending regulatory approvals.PSX won the refinery assets at a June'25 auction managed by FTI Consulting post the prior owner's bankruptcy.PSX will integrate storage and infrastructure into Humber Refinery, boosting fuel supply and job protection.Phillips 66 (PSX) announced that it agreed to buy the assets and infrastructure of the Lindsey Oil Refinery in the U.K. The deal is subject to customary regulatory clearances an ...