Hydrogen is a low or zero-emission substitute for fossil fuels. Linklaters and Ashurst both declined to comment. The site occupies an important role in the UK's industrial manufacturing sector, directly employing more than 900 people, with an additional 800 on-site contractors and a further 5,000 people employed indirectly through the extended value chain, according to Essar Oil UK's website. New markets 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. Stanlow refinery firm Essar responds to speculation over collapse Ellesmere Port Bookmark Notorious Stanlow fuel blockade in pictures nearly 21 years after it took Britain to brink of chaos Ellesmere Port Bookmark Stanlow Refinery owner responds to reports of financial struggle Stanlow Refinery Bookmark The refinery is located on the south bank of the River Mersey, flanked on its west by the M53 and M56 to the south. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. Dockworkers have called this a loophole in sanctions.[23][24][25]. Hindustan refinery to restart in 2 months Oil amp Gas Journal. COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER, Refining, Petrochemicals and Gas Processing, Future Uncertain for Long Running Stanlow Refinery in the UK, Online Exclusive (Opinion): Security for U.S. and Europe begins with new energy policy, GEI Hydrogen Project Playbook 2021 In Numbers, SOCAR Makes FID Push for Petrochemical Plant in Turkey. 100. 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. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. In 1980, electronic band Orchestral Manoeuvres in the Dark (OMD) from nearby Wirral featured a song about the refinery called "Stanlow" on their second album, Organisation. Sign up here. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. [14], After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (814 million) in 2011. Barrel per day output: 272,000bbl/d (43,200m, This page was last edited on 9 June 2022, at 23:45. Here are Your Options. The M53 in Ellesmere Port will be closed for one night next week to enable the delivery of a huge new furnace to Essar's Stanlow refinery. Later this month we're closing the M53 for a night, ensuring the main module of the UKs first hydrogen-ready furnace can be delivered to Essar Oil UKs Stanlow refinery near Ellesmere Port in Cheshire. Frustrations over the running of the company had led to the departures of two chief executives within a year. The manufacturing complex employs 800 people. (modern). The site, which is managed by energy giant Essar, suffered a complete loss of power from the National Grid in 2019. For the best experience please use a JavaScript enabled browser. Earlier this year, dockers refused to unload Russian oil shipments destined for the refinery. "We are in an advanced stage of discussions with a replacement lender, with both Stanlow operations and supply of products to our customers continuing as usual. Output is delivered via various means, including by pipeline via the UK oil pipeline network, road and the Manchester Ship Canal. Stanlow directly employs more than 900 people. Essar said: "As we have previously stated, 2019 was a challenging year from an environmental perspective. European e-scooter giant Tier Mobility maps route to merger, First Republic: JP Morgan to take over assets after lender becomes fourth to fail in two months, Vue screens former Rank chief Birch for boardroom post. "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.". LOG IN to view this article.Not Yet A Subscriber? 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.. Essar said it was already making rapid progress against its broader decarbonisation targets with plans in place for the supply of hydrogen. 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 positions at Stanlow in Ellesmere Port are in question following a blaze at the site in August, which damaged the units. 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. [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. The firm is believed to have put out inquiries with government to . The adjacent oil refinery at Stanlow is owned by Essar and is not affected. 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 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. Previously the refineries were owned by the oil firms Shell and Total,. The sale of Stanlow will leave the Anglo-Dutch company with no refiningassets at all in the UK, having closed the Shell Haven refinery near London in1999. As always you can unsubscribe at any time. The Mexico City Explosion of 1984 Missouri S amp T. ?Stanlow United. City editor Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. Linklaters and Ashurst have quit as advisers to Essar Oil UK amid doubts about its future, Sky News learns. [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. Stanlow later said it was seeking alternative supplies. 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. 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. Year end run rate (US$ million) 250. Essar Oil UK expects positive cash flow in April 2021. More than ten years of experience in the fuel market, with extensive knowledge in the logistical flows of liquid fuel distribution in Brazil, interface and communication with players in the fuel sector (refiners, trading . Friday 17 September 2021 15:37, UK. 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. Private equity firm Bartons Family Capital is weighing a takeover of the U.K. Stanlow oil refinery, The Times reported on Sunday. "We continue to regulate the site to make sure Essar have the right protection measures in place to minimise the risk of damage to the environment.". 2022 Global Energy Infrastructure 2022 Gulf Publishing Holdings LLC. The site, which is. 150. Vicente's mommy. The new furnace is part of Government-backed plans to include hydrogen in the race to reduce the countrys carbon emissions to net zero by 2050. It has also announced plans to close the 110,000 b/d Harburg refinery inGermany after failing to find a buyer for the plant. Man run over and attacked by gang armed with weapons, Club of the Year celebrate St Helens CAMRA honour, Tranmere man, 32, arrested after 'serious assault' in Rock Ferry, Pictures show ongoing demolition of St Peter & Paul's Catholic church, Popular Liverpool holiday destinations issue ban ahead of summer, Widnes garage fire started by electrical hand tool, More than 20,000 Russians dead in Bakhmut, US says, Lil Nas X and Florence Pugh arrive at Met Gala, France May Day protests leave dozens of police injured, 'My wife and six children joined Kenya starvation cult', On board the worlds last surviving turntable ferry. Oil is delivered to the Tranmere Oil Terminal via ship, then pumped to Stanlow for refining and stored for delivery. The companys accounts do refer to its contract with Litasco, a Switzerland-based commodity trading company ultimately owned by the Kremlin-linked oil firm Lukoil. This page is not available in other languages. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. A new refinancing deal could buy time for the refinery to maintain operations until fuel demand rises. All companies under the TTP have been given until January 2022 to meet their commitments. The government has a net zero target by 2050. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. 5) There are plenty of other newsletters to choose from too. 2) SUBSCRIBE to Global Energy Infrastructureand gain ACCESS to premium data for the energy industry.*. The BBC is not responsible for the content of external sites. A 45m furnace that runs completely on hydrogen - the first of its kind in the UK - will replace three existing furnaces at Stanlow. It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. "We continue to work with our legal advisers to adopt best practices in this regard for a private company, including a firm intention to appoint two independent directors in due course.". A statement said Essar's "energy transition strategy" was based on the development of more environmentally friendly fuels. Whyare oil prices rising and what does it mean for inflation? Welsh band Jesu's 2007 album Conqueror features a track titled "Stanlow" that concerns itself with the refinery. 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. Britain's biggest union is locking horns with Cheshire's giant oil refinery over possible industrial action. EOUK had agreed to an accelerated schedule to make this payment. Is climate change killing Australian wine? Caption: The huge 'module' - part of a hydrogen-powered furnace - will be gliding down the M53 next week en route to Stanlow. The Stanlow refinery supplies about a sixth of the UKs road fuel. [16] Essar plan a 250 million expansion of Stanlow, with production of diesel and aviation fuel to be increased. delivered c.US$225 million uplift to EBITDA. To help with the delivery, we are closing the M53 for a night next week. LNG Processing. The owner of the giant Stanlow oil refinery has been thrown a 400m lifeline by the taxman amid fears it could collapse, risking operations at the plant and creating fuel shortages. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. "We are currently investigating Essar for breaches of their environmental permit and as such are unable to comment further.
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