Essar Energy denies plans to close Stanlow refinery

With reference to recent press reports, Essar Energy plc denies that it has any plans to close its Stanlow refinery. The Stanlow refinery is well positioned to supply UK fuel demand, given its advantageous location and following recent upgrading work to optimise product output. The refinery is supported by integration into extensive pipeline logistics and good road links to access local and regional markets.

Essar Energy and the entire transport fuel supply industry are working together with the UK Government to improve the resilience of UK refineries and importers.

Essar Energy has embarked on an estimated US$100 million cost improvement programme at Stanlow to ensure the business is able to weather this period of exceptionally poor refining margins. This programme has the support of Essar Energy plc, management and our employees.

Sponsor:

News Category:

Company News

Other News Items

NEXTCHEM awarded licensing and process design package for sustainable aviation fuel project Indonesia

MAIRE announces that NEXTCHEM has been awarded the licensing and the Process Design Package for a Sustainable Aviation Fuel plant located in Sei Mangkei, North Sumatra ...

19-12-2024
Technip Energies and LanzaTech receive funding for breakthrough CO2 to Ethylene technology

Technip Energies and LanzaTech Global Inc, announced that the U.S. Department of Energy Office of Clean Energy Demonstrations has committed up to $200 million in federal ...

18-12-2024
CANSOLV CO2 capture system to play a key role in Net Zero Teesside Power

Shell Catalysts & Technologies is pleased to announce that the CANSOLV CO2 Capture System will play a key role in Net Zero Teesside Power, after the landmark UK project ...

18-12-2024
KazAzot selects ammonia technology from KBR for world scale fertilizer complex

KBR announced today that its ammonia technology has been selected by KazAzot for Kazakhstan’s first world-scale fertilizer complex KBR will provide a technology ...

18-12-2024
Mabanaft expands storage footprint in Germany through acquisition of a terminal in Kassel

Oiltanking Deutschland GmbH & Co. KG, the Mabanaft Group's storage division, has signed an agreement to acquire BP Europa SE's tank terminal in Kassel. The terminal ...

17-12-2024
Phillips 66 announces 2025 capital budget of $2.1 billion

Phillips 66 today announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital. "We continue ...

16-12-2024
INEOS Energy to acquire oil and gas assets held by CNOOC Energy Holdings

INEOS Energy has today announced the acquisition of the Gulf of Mexico business held by CNOOC Energy Holdings USA Inc, a US subsidiary of CNOOC International Limited. The ...

14-12-2024
chevron completes pasadena refinery retrofit

Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corporation, has completed a retrofit of its refinery in Pasadena, Texas, which is expected to increase product ...

12-12-2024
PETRONAS award SAMSUNG E&A contract for biorefinery in Malaysia

SAMSUNG E&A, a total solutions provider for the global energy industry, announced today that it secured the contract for a biorefinery that will have the capability ...

12-12-2024
Kurita America launches Kurita Dropwise Condensation technology in North America

Kurita America, part of the leading global provider of industrial water treatment solutions the Kurita Group, today announced the introduction of Kurita Dropwise Condensation ...

12-12-2024