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. Refining capacity: 12 million tonnes per year. 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. 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". 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. "The government continually monitors fuel supply across the country to ensure the public do not see any disruption. 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. Why you can trust Sky News. Essar workers at Stanlow refinery accept revised deal to end strike threat 5) There are plenty of other newsletters to choose from too. This page is not available in other languages. 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. Scientists hope to demonstrate that it can be used instead of natural gas in a range of industrial settings, helping companies' transition to a low-carbon future. Stanlow has been beset by problems in recent times, with an unplanned shutdown in 2019 triggering a significant oil spill. [17] In April 2021 the company was reported to be heavily in debt after fossil fuel demand dropped during the COVID-19 pandemic. 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. Stanlow Refinery, Ellesmere Port, Cheshire, United Kingdom (UK) Despite sanctions on Russian shipping, Russian oil continued to arrive at port on ships owned and flagged in other countries. Markets never sleep, and neither does Bloomberg. [20][21] A large fuel price protest was staged in May 2011 with the objective of "shutting down" the refinery. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon emissions. 9th April 2021. We're paving the way for cutting carbon emissions at one of the country's biggest oil refineries. For the best experience please use a JavaScript enabled browser. 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. is achievable. EOUK had agreed to an accelerated schedule to make this payment. 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. Video Loading Yes vote. "This included the impacts caused by the sudden failure of power to Stanlow from the national grid, which in turn led to the complete loss of the internal electrical supply at Stanlow. I'm graduated as a Chemical engineer (UERJ) with a graduate degree in logistics (IBMEC) and currently studying for a master's degree in logistics (PUC-RIO). We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. More information on the project is available at Essar Oil UKs website. A new refinancing deal could buy time for the refinery to maintain operations until fuel demand rises. The southbound carriageway will be shut between junction 5 at Hooton and junction 10 for Cheshire Oaks from 7pm on Saturday, August 13 until 10am the following day in order to accommodate the abnormal load. 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. 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. M53 closure to help construct hydrogen-powered refinery. [6] Stanlow is also a large producer for commodities such as jet fuel and diesel.[7]. 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. The northbound carriageway will be closed between junction 10 and junction 8 with the closure time on the Saturday evening after 7pm and subject to an appropriate reduction in traffic levels from Cheshire Oaks. The Stanlow refinery is located on a 770ha-site on the southern of the Mersey Estuary, near Ellesmere Port, Cheshire, UK. Stanlow Oil Refinery - Wikipedia 2022 Global Energy Infrastructure 2022 Gulf Publishing Holdings LLC. 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. The refinery has been fully offline since late January. 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. M53 closure to help construct hydrogen-powered refinery, More information on the project is available at Essar Oil UKs website. [18] In September 2021 it was reported that the facility is at the "brink of collapse". Or by navigating to the user icon in the top right. Stanlow refinery owner hit by legal resignations amid governance row [2] Until 2011 it was owned by Shell UK. Petrol tankers fill up with petrol and diesel at the Stanlow oil refinery in Ellesmere Port. Dockworkers have called this a loophole in sanctions.[23][24][25]. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Essar said: "As we have previously stated, 2019 was a challenging year from an environmental perspective. 2) SUBSCRIBE to Global Energy Infrastructureand gain ACCESS to premium data for the energy industry.*. production planned c.US$1 /bbd projects already. 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.. Sky News has learnt that Linklaters and Ashurst both recently quit as legal advisers to Essar Oil UK - a relatively unusual move triggered, according to insiders, by anxieties over the running of the business. Stanlow directly employs more than 900 people. Auditors warn about finances of firm behind Stanlow oil refinery "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.". Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. New markets And because of the poor performance, they will now have to pay 300% of the usual fee to the Environment Agency with environment policy magazine ENDS Report analysis estimating the company would have paid roughly 820,000 last spring. Essar Oil UK said Stanlow was operating as normal during the current fuel crisis, and supplying fuel to north-west petrol stations as normal, as panic buying hits forecourts across the country. Over 400 workers had overwhelmingly voted in favour of strike action in September, returning a 98.5 per cent yes vote. Global oil demand on course for record as Chinas economy rebounds, Exxon CEOs pay rose 52% to nearly 30m amid Ukraine war, figures show. A spokesperson for Essar said 2019 had been a "challenging year" from an environmental perspective and changes had already been made since the report. Stanlow oil refinery fire damage puts 180 jobs at risk - BBC News 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. Or by navigating to the user icon in the top right. As always you can unsubscribe at any time. 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. REFINERY NEWS ROUNDUP: Market focus on closures in Europe Taxman throws 400m lifeline to troubled Stanlow refinery - The Telegraph "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. Shell said the cost of fixing the damage was "not economically viable". Barrel per day output: 272,000bbl/d (43,200m, This page was last edited on 9 June 2022, at 23:45. * The plant was closed early in the second quarter 2011. . A statement said Essar's "energy transition strategy" was based on the development of more environmentally friendly fuels. Essar Energy, which owns the Stanlow. [3] The fire which broke out at Stanlow last August. Project Gallery Feedstock supply The refinery receives the crude supply through a 24km-long pipeline from the Tranmere oil terminal situated near Mersey Estuary. Oilfield oil gas trasport pipeline refinery gifts awards. "We are also working with Fulcrum BioEnergy to create a new facility which will convert several hundred thousand tonnes of non-recyclable household waste each year into sustainable aviation fuel (SAF) for use by airlines operating at UK airports.". Refinery Firefighting. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . 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. The site, which is managed by energy giant Essar, suffered a complete loss of power from the National Grid in 2019. In your inbox before the open, every day. Essar agrees to buy Shell's Stanlow refinery for $1.3 bil Essar Oil UK responds to speculation Stanlow oil refinery firm is 'on UK chief executive Deepak Maheshwari said the plant would be "the single biggest initiative to decarbonise our processes". 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. Stanlow oil refinery faces possible industrial action 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. 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. Buffett Will Beat theMarket asRecession Looms, Investors Say, Rivians Troubles Dont End at a 93% Wipeout, First Republics Jumbo Mortgages Brought On Banks Failure, Asia Stocks Set for Mixed Start as Treasuries Drop: Markets Wrap. Read about our approach to external linking. LNG Processing. Stanlow plays a key part in the national economy, producing over 16% of the UK's road transport fuels. The company said it would also invest in a range of efficiencies to "decarbonise its production process". Something went wrong, please try again later. Whether it's celebrating people, sharing issues or discussing latest news, our newsletter covers all things Wirral. A Shell spokeswoman said it was "unfortunate" that it did not make economic sense to continue. 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. Of the national capacity of 60m tonnes of refined fuels per year, Stanlow can produce more than 16% and Lindsey about 9%. A good diversion using the A550 and A494 trunks will operate between between junction 5 and junction 11 at Stoak Interchange where the M53 meets the M56. 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 owner of the Stanlow oil refinery is facing a fresh financial crunch ahead of a . Concerns despite Essar reporting progress in refinancing debt, which deepened to $321m in 2021. 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