A spokesperson for Essar said 2019 had been a "challenging year" from an environmental perspective and changes had already been made since the report. Most populous nation: Should India rejoice or panic? Is climate change killing Australian wine? "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.. Earlier this year, dockers refused to unload Russian oil shipments destined for the refinery. LNG Processing. 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. 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. Last modified on Wed 30 Mar 2022 17.16 EDT. Belo Horizonte, city, southern Minas Gerais estado (state), southeastern Brazil. Essars subsidiary, Stanlow Terminals, is working on a deal to raise up to $300m of debt and the group said it could also tap other sources of medium-term lending. Nevertheless, oil industry sources say they are legitimate concerns about the future of the company, which bought the Stanlow refinery at Ellesmere Port from Shell in 2011. [22], During the 2022 Russian invasion of Ukraine, dockworkers of the Unite union began to refuse to unload Russian oil from any ship. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. Essar has said that Litasco has no ability to influence operations at the terminal. The BBC is not responsible for the content of external sites. 5) There are plenty of other newsletters to choose from too. Oil spill from Stanlow refinery after total unplanned shutdown Oil is delivered to the Tranmere Oil Terminal via ship, then pumped to Stanlow for refining and stored for delivery. Stanlow oil refinery to build 360m carbon capture plant M53 closure to help construct hydrogen-powered refinery There is also a pipeline for jet fuel to Manchester Airport. Published. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . Of the national capacity of 60m tonnes of refined fuels per year, Stanlow can produce more than 16% and Lindsey about 9%. Year end run rate (US$ million) 250. S. T. Ciminelli - Editorial Board - Hydrometallurgy - Journal - Elsevier In your inbox before the open, every day. A source close to Essar Oil UK said the COVID-19 pandemic had depressed margins and impacted demand for its products, along with other refining businesses around the world. The Stanlow refinery is located on a 770ha-site on the southern of the Mersey Estuary, near Ellesmere Port, Cheshire, UK. Stanlow Refinery - News, views, gossip, pictures, video - Cheshire Live For the best experience please use a JavaScript enabled browser. 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. Essar Oil said it wants to be at the forefront of the UK's shift to low carbon energy, Essar Oil said they would complete their "energy transition strategy" by 2030, On board the worlds last surviving turntable ferry. Read about our approach to external linking. 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. The largest single module for the new furnace is 26.5 metres long, 18.5 metres tall, and 14.2 metres wide. Further, the company has now returned to Ebitda positive [earnings before interest, taxes, depreciation, and amortisation] and is therefore in a much stronger position to weather the continued challenge presented by the pandemic, it said. Read about our approach to external linking. But an auditors report warned of uncertainty over the companys discussions about new loans to help it weather the impact of Covid-19, which significantly reduced demand for fuel before a recent revival in conditions. This page is not available in other languages. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. A statement said Essar's "energy transition strategy" was based on the development of more environmentally friendly fuels. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. ** The Livorno refinery in northwest Italy will stop refining crude and suspend all related activities by the end of 2022, according to an announcement made to trade union representatives by its owner, Italian oil giant Eni, sources close to the plant told S&P Global Platts.
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