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. After arriving by ship from Thailand to the Port of Liverpool in June it was transferred to a barge for the short trip across the River Mersey, through the locks into the Manchester Ship Canal and onto a holding bay near National Waterways Museum at Ellesmere Port. Output is delivered via various means, including by pipeline via the UK oil pipeline network, road and the Manchester Ship Canal. Earlier this year, dockers refused to unload Russian oil shipments destined for the refinery. Project Gallery Feedstock supply The refinery receives the crude supply through a 24km-long pipeline from the Tranmere oil terminal situated near Mersey Estuary. Although situated in North West England, the refinery serves much of England as it is linked to the UK oil pipeline network. Or by navigating to the user icon in the top right. About 180 jobs are at risk after energy giant Shell announced the closure of two fire-damaged chemical units within an oil refinery in Cheshire. The UKs second biggest oil refinery is locked in talks with tax officials over a deferred tax bill amid reports that it could be on the brink of collapse. A spokesperson for Essar said 2019 had been a "challenging year" from an environmental perspective and changes had already been made since the report. 1) Sign up to receive our monthly newsletter here and gain access to all articles and resources. 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More information on the project is available at Essar Oil UKs website. 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. Stanlow was now seeing increased demand for road transport fuels, and the company remained committed to a sustainable future and aiding the UK's decarbonisation agenda, the source said. Stanlow refinery flare raised pollution levels in the area Hindustan refinery to restart in 2 months Oil amp Gas Journal. [12] Oil products were loaded into a fleet of 100 road tankers for distribution. The positions at Stanlow in Ellesmere Port are in question following a blaze at the site in August, which damaged the units. Jamie Nimmo. Essar Oil UK insisted: "No [borrowing] facilities were withdrawn solely due to governance issues". Frustrations over the running of the company had led to the departures of two chief executives within a year. News | Essar Oil Uk Private Equity Firm Weighs U.K. Stanlow Refinery Bid, Times Says Something went wrong, please try again later. 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. 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. Track your investments 24 hours a day, around the clock from around the world. He added: "Not only is it the right environmental thing to do, it will future-proof the critical Stanlow Refinery for the long term, protecting jobs and industry, while also placing Stanlow at the very centre of the UK's energy transition.". Stanlow Refinery owner faces new financial crunch as HMRC deadline The National Grid was approached for comment. 1) Go to our dedicated newsletter page at this link. 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.. Stanlow oil refinery to build 360m carbon capture plant Most populous nation: Should India rejoice or panic? The government has a net zero target by 2050. Oilfield oil gas trasport pipeline refinery gifts awards. In 1969 Shell-Mex & BP opened a 3 million joint venture bulk liquid distribution centre at Haydock, Lancashire. The fire which broke out at Stanlow last August. The company said it would also invest in a range of efficiencies to "decarbonise its production process". Essar oil UK to build 360 MM carbon capture facility 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. [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 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. 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). The Stanlow refinery is located on a 770ha-site on the southern of the Mersey Estuary, near Ellesmere Port, Cheshire, UK. 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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. Bloomberg Daybreak Asia. Sunday September 26 2021, 12.01am, The Sunday Times. Multiple reports have indicated that investment firm Apollo Global Management of New York has been in talks on some level for a potential 400 million refinancing agreement for the complex. 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. How to sign up for a MyWirral Email Update. Essar is investing over 1 B into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonize its production . M53 closure to help construct hydrogen-powered refinery ** 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. 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. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. Stanlow refinery at a crossroads | Global Energy Infrastructure "In terms of governance, we always seek to adopt best practices and, working with our advisers, we made some changes to the board in recent weeks. This, the auditor said, may cast significant doubt on the companys ability to continue as a going concern. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. Stanlow refinery owner hit by legal resignations amid governance row Read about our approach to external linking. Stanlow Refinery, Ellesmere Port, Cheshire, United Kingdom (UK) REFINERY NEWS ROUNDUP: Market focus on closures in Europe On board the worlds last surviving turntable ferry. Total halted the crude distillation unit at Grandpuits Nov. 16 but the other units at the refinery had previously remained in operation. Private equity firm Bartons Family Capital is weighing a takeover of the U.K. Stanlow oil refinery, The Times reported on Sunday. Barrel per day output: 272,000bbl/d (43,200m, This page was last edited on 9 June 2022, at 23:45. 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. Global oil demand on course for record as Chinas economy rebounds, Exxon CEOs pay rose 52% to nearly 30m amid Ukraine war, figures show. Editorial Board. Cheshire West and Chester Council said it was "saddened and disappointed by the news" and would do everything it could to help anyone who may need to look for new employment. 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It that happened, the refinery would be likely to be taken on by the official receiver, to keep the refinery running. 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The refinery is located on the south bank of the River Mersey, flanked on its west by the M53 and M56 to the south. Why not follow BBC North West on Facebook, Twitter and Instagram? 2023 BBC. It handled 5,000 tonnes of oil products daily, comprising 22 million gallons (100,000 m3) of white oil and 42 million gallons (191,000 m3) of black oil a year. In a statement issued to Sky News, Essar Oil UK said it did not comment on "the role of advisers that we work with from time to time". A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Stanlow later said it was seeking alternative supplies. At one stage in March 2021, Essar owed 771m to HMRC but it said this had since been reduced 109m and was due to be settled completely this month. The blackout and issues with the startup impacted the effluent [waste] treatment system resulting in oil (hydrocarbon) spilling out into Thornton Brook, and a clean-up is still ongoing. Stanlow Oil Refinery - Wikipedia Essar said it was already making rapid progress against its broader decarbonisation targets with plans in place for the supply of hydrogen. A new refinancing deal could buy time for the refinery to maintain operations until fuel demand rises. All rights reserved. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. An unplanned shutdown at Stanlow refinery in Ellesmere Port caused an oil spill which contributed to the Environment Agency giving the site their lowest compliance rating. This means that we may include adverts from us and third parties based on our knowledge of you. Monday 12 April 2021 18:47, UK Stanlow oil refinery is at Ellesmere Port Why you can trust Sky News The owner of Britain's second-biggest oil refinery has been hit by the resignation of two blue-chip City law firms amid a deepening financial and corporate governance crisis at the company. Stanlow Refinery - News, views, gossip, pictures, video - Cheshire Live Of the national capacity of 60m tonnes of refined fuels per year, Stanlow can produce more than 16% and Lindsey about 9%. Essar agrees to buy Shell's Stanlow refinery for $1.3 bil It has also announced plans to close the 110,000 b/d Harburg refinery inGermany after failing to find a buyer for the plant. stanlow-refinery6 - Hydrocarbons Technology There is also a pipeline for jet fuel to Manchester Airport. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . 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.