This includes: 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day 3 billion litres of petrol a year - enough to drive a car 20 million times around the world "This will provide us with low carbon hydrogen to decarbonise our energy demand, while in addition creating a hydrogen economy across North West England and North East Wales. As the Guardian reported last year, Litasco has a claim on Stanlow that kicks in if Essar defaults on payments under an oil sale and purchase agreement. It has also announced plans to close the 110,000 b/d Harburg refinery inGermany after failing to find a buyer for the plant. Unite says it will begin the process to ballot more than 500 members at Essar Oil (UK) at Stanlow, Ellesmere Port on whether they wish to take steps up to and including strike action. 2) Put your email in the box where indicated. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. HOUSTON, Aug 24 (Reuters) - The fourth-largest U.S. refiner Phillips 66 (PSX.N) on Tuesday said it has put the smaller of its two Louisiana refineries up for sale amid continued losses and an . Shell said the cost of fixing the damage was "not economically viable". Live market coverage co-anchored from Hong Kong and New York. The BBC is not responsible for the content of external sites. But the Sunday Times reported that the government was on alert in case Stanlow collapsed, and that it could go into insolvency if it could not raise more funds. Essar Oil UK Limited announced its plan to build a 360 MM major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. Essar Oil has also reduced the amount it owed to HMRC, after it took part in a scheme that allow companies hit by Covid-19 to defer VAT repayments. Essar says it is in positive discussions with HMRC for a short extension to its time-to-pay (TTP) arrangement agreed earlier this year, having repaid 547m of the 770m originally deferred. Refinery Firefighting. 1) Go to our dedicated newsletter page at this link. "As part of Essars wider plans to build a green energy industrial cluster at the Stanlow, we have joined forces with Progressive Energy, developers of HyNet North West, the UKs leading industrial decarbonisation cluster, to produce low carbon hydrogen from 2025. "The new furnace is one of the largest objects ever to be moved on UK roads and key to Essars strategy of transitioning to being a low carbon energy provider at the forefront of decarbonisation in the North West.. The company said it would also invest in a range of efficiencies to "decarbonise its production process". Hydrogen is a low or zero-emission substitute for fossil fuels. The future around the long running Stanlow refinery in the Ellesmere Port in Northwest England has been thrust into uncertainty lately due to reports of financial instability from lower fuel demand. Petroineos Grangemouth closure plans the latest round of refinery rationalisations . Nevertheless, oil industry sources say they are legitimate concerns about the future of the company, which bought the Stanlow refinery at Ellesmere Port from Shell in 2011. It added the firm, which employs more than 900 people at the Stanlow site, with a further 800 on-site contractors and 5,000 more through the extended value chain, was seeking an extension to the 'Time to Pay' agreement with HMRC. And the last leg of its 6,000 mile - and mostly watery journey will be along the strictly terra firma of the M53 motorway and A5117 local road. Closure of lubricants. More information on the project is available at Essar Oil UKs website. Essar Oil UK reported today that sales of products1 from the Stanlow Refinery is expected to see a 63% year-on-year increase to 537kT in April 2021, in comparison to 329kT in April 2020. In September, Total said it would convert the refinery into a biofuels and plastics recycling complex, ending crude refining at the site in early 2021. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Essar said it was already making rapid progress against its broader decarbonisation targets with plans in place for the supply of hydrogen. The refinery occupies nearly 1,900 acres (7.7km2) near the River Mersey and dates back to 1924, when a small bitumen plant was established. Editorial Board. This, the auditor said, may cast significant doubt on the companys ability to continue as a going concern. National Highways will close over night an area of the M53 near Whitby tomorrow (Saturday 13 August) as the biggest single module for the UK's very first hydrogen-ready heater to Essar Oil UK's Stanlow refinery near Ellesmere Port in Cheshire is transferred. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Of the national capacity of 60m tonnes of refined fuels per year, Stanlow can produce more than 16% and Lindsey about 9%. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . 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Straddling both the northbound and southbound carriageways the module will then be slowly and carefully moved at walking pace some three miles onto Essar Oil UKs Stanlow site, exiting the M53 at junction 10 and travelling along the A5117 local road. Auditors have warned about the financial health of the company behind the Stanlow oil refinery, despite its efforts to refinance loans and settle a debt to HM Revenue and Customs. Jamie Nimmo. 100. Stanlow later said it was seeking alternative supplies. Read about our approach to external linking. 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The government has a net zero target by 2050. This is what progress has been made since the plan was drawn up, Essar 'committed' to Stanlow Oil Refinery amid question mark over jobs' futures, The firm which runs the facility is looking at the outsourcing of some business functions, which could lead to redundancies, Swans potentially 'contaminated with oil' rescued near Stanlow Refinery in Ellesmere Port, The birds have been taken by the RSPCA to Stapeley Grange Wildlife Centre. "We are currently investigating Essar for breaches of their environmental permit and as such are unable to comment further. The disclosure of the law firms' decision to step down comes just days after it emerged that the company was in urgent talks about its future. Essar has said that Litasco has no ability to influence operations at the terminal. Video Loading [4] Consequently, it is the second largest in the United Kingdom after Fawley Refinery,[5] and produces a sixth of the UK's petrol needs. [8] Stanlow & Thornton railway station was opened in 1940 to give workers access to the site and the facility an extra mode of transport. In 2015, Essar Oil (UK) Limited was fined 497,284 and ordered to pay costs of 40,000 in relation to two separate pollution incidents at Stanlow which occurred in 2012 after pleading guilty to three breaches of their environmental permit following a prosecution brought by the Environment Agency. The Stanlow refinery is located on a 770ha-site on the southern of the Mersey Estuary, near Ellesmere Port, Cheshire, UK. [16] Essar plan a 250 million expansion of Stanlow, with production of diesel and aviation fuel to be increased. Explore in 3D: The dazzling crown that makes a king. A spokesperson for the Environment Agency said: "We expect all businesses to operate to the highest environmental standards. A Shell spokeswoman said it was "unfortunate" that it did not make economic sense to continue. Over 400 workers had overwhelmingly voted in favour of strike action in September, returning a 98.5 per cent yes vote. Auditors have warned about the financial health of the company behind the Stanlow oil refinery, despite its efforts to refinance loans and settle a debt . Essar Oil UK, which is being advised by EY, also insists it has made considerable progress to strengthen its financial position and agree new financing. To help with the delivery, we are closing the M53 for a night next week. Oilprice surges after surprise Opec+ production cut, Opec+ announces surprise cuts in oil production, Climate protesters spared from jail over track invasion at British Grand Prix, Thebillionaire amateur racing driver who runs the Poole oil leak pipeline, North Sea oil and gas workers vote to strike amid bumper profits, Saudi Aramcos $161bn profit is largest recorded by an oil and gas firm. This has been a huge logistical challenge for everyone involved but well be closing the motorway at a time when traffic is at its lightest and a very good diversion will be in place.. Whether it's celebrating people, sharing issues or discussing latest news, our newsletter covers all things Wirral. Signing up is free and it only takes a minute for you to get the biggest stories, sent straight to your inbox. All rights reserved. Sign up here. Essar Oil UK expects positive cash flow in April 2021. Global oil demand on course for record as Chinas economy rebounds, Exxon CEOs pay rose 52% to nearly 30m amid Ukraine war, figures show. In your inbox before the open, every day. 2023 BBC. Stanlow oil refinery fire damage puts 180 jobs at risk 14 December 2018 Phil Owen The jobs were placed at risk following a fire at the plant in August About 180 jobs are at risk after energy. Later this month we're closing the M53 for a night, ensuring the main module of the UK's first hydrogen-ready furnace can be delivered to Essar Oil UK's Stanlow . Two years on from Stanlow air pollution action plan - what has changed? Documents filed at Companies House show that losses at Essar Oil (UK) deepened from $221m (168m) to $321m in 2021, a year in which government officials became concerned about the financial position of the company, which supplies 16% of UK road fuel from its refinery in Ellesmere Port, Cheshire. Markets never sleep, and neither does Bloomberg. The first of Brazil's planned cities, Belo Horizonte occupies a wide plateau encircled by the Curral del Rey Mountains, a hilly ridge forming the "beautiful horizon" for which the city was named. Stanlow Refinery - Significant Potential Completed first year ownership US$350 million acquisition cost . It still owes 223m, and was reportedly due to start repayments this week. Stanlow oil refinery stands in Ellesmere, U.K. Want the lowdown on European markets? [2] Until 2011 it was owned by Shell UK. Previously the refineries were owned by the oil firms Shell and Total,. 2023 BBC. The refinery is situated on the south bank of the Manchester Ship Canal, which is used to transport seaborne oil for refining and chemicals for Essar and Shell. LNG Processing. Crude oil is now received lower down river on the Mersey at the Tranmere Oil Terminal, operated by the Mersey Docks and Harbour Company from its Liverpool headquarters, and is transferred via a fifteen-mile (24km) pipeline to storage at Stanlow. [13] However, Shell said that a number of refineries in their portfolio offered over-capacity and consequently Stanlow, their last British refinery, was put up for sale. Or by navigating to the user icon in the top right. An insider said that a covenant waiver from Lloyds Banking Group, Essar Oil UK's main lender, had expired at the end of March, forcing the company to seek new sources of funding. Video, On board the worlds last surviving turntable ferry, Shooting suspect was deported four times - US media, Yellen warns US could run out of cash in a month, King Charles to wear golden robes for Coronation, More than 100 police hurt in French May Day protests, Disney faces countersuit in feud with Florida, NFL player's daughter, aged two, drowns in pool, Explosion derails train in Russian border region, MasterChef Australia host Jock Zonfrillo dies. Essar said: "As we have previously stated, 2019 was a challenging year from an environmental perspective. CR4 Thread Spherical Tanks and Liquefied Petroleum Gas. VideoOn board the worlds last surviving turntable ferry, I didnt think make-up was made for black girls, Why there is serious money in kitchen fumes. "The changes put in place at Stanlow since have already delivered an improved environmental performance in 2020 and we remain determined to build on that progress going forward.". Dockworkers have called this a loophole in sanctions.[23][24][25]. did a similar move in 2016 and a year earlier the same occurred at Essar Stanlow." "The driver is to supply only the nearest (highest margin) markets and reduce the amount of product from the refinery that moves in to lower margin markets and decrease . [22], During the 2022 Russian invasion of Ukraine, dockworkers of the Unite union began to refuse to unload Russian oil from any ship. Stanlow Terminals Ltd has launched a new ship-to-ship (STS) fuel transfer service on the River Mersey in a joint partnership with Peel Ports Group (PPG). VideoOn board the worlds last surviving turntable ferry, I didnt think make-up was made for black girls, Why there is serious money in kitchen fumes.
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