stanlow refinery closure
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. Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Whyare oil prices rising and what does it mean for inflation? M53 closure to help construct hydrogen-powered refinery, 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. New markets Oil is delivered to the Tranmere Oil Terminal via ship, then pumped to Stanlow for refining and stored for delivery. CheshireLive reported in March this year that Stanlow was given an environmental compliance score of 208.3 for 2019 far above the threshold for an F-rating, of 150. "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.". Is climate change killing Australian wine? Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. Previously the refineries were owned by the oil firms Shell and Total,. 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. Editorial Board. Projects; Analysis; News; Suppliers; White Papers As part of the work to accommodate the abnormal load, we will need to remove and restore a number of lighting columns and matrix signs from the central reservation, boundary fencing and safety barrier from the verge, some safety barrier from the central reservation and a number of signs. [ID . 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 has said that Litasco has no ability to influence operations at the terminal. 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 . And the last leg of its 6,000 mile - and mostly watery journey will be along the strictly terra firma of the M53 motorway and A5117 local road. More information on the project is available at Essar Oil UKs website. On board the worlds last surviving turntable ferry. 100. The company said it would also invest in a range of efficiencies to "decarbonise its production process". 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. * India's Essar Energy ESSR.L agreed to buy Royal Dutch Shell's RDSa.L Stanlow refinery in northwest England for $350 million. 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. Read about our approach to external linking. [20][21] A large fuel price protest was staged in May 2011 with the objective of "shutting down" the refinery. 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. HOUSTON, Aug 24 (Reuters) - The fourth-largest U.S. refiner Phillips 66 (PSX.N) on Tuesday said it has put the smaller of its two Louisiana refineries up for sale amid continued losses and an . Earlier this year, dockers refused to unload Russian oil shipments destined for the refinery. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. A spokesperson for the Environment Agency said: "We expect all businesses to operate to the highest environmental standards. The National Grid was approached for comment. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Or by navigating to the user icon in the top right. LOG IN to view this article.Not Yet A Subscriber? "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. Essar is investing over 1 B into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonize its production . To help with the delivery, we are closing the M53 for a night next week. [16] Essar plan a 250 million expansion of Stanlow, with production of diesel and aviation fuel to be increased. The adjacent oil refinery at Stanlow is owned by Essar and is not affected. 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 UK's 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. [17] In April 2021 the company was reported to be heavily in debt after fossil fuel demand dropped during the COVID-19 pandemic. "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.". 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. It still owes 223m, and was reportedly due to start repayments this week. The accounts were signed off before the invasion of Ukraine and do not make any reference to the possible impact of the war on the company or its ties to Russia. 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 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 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. as panic buying hits forecourts across the country. 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. Gordon Beattie, our abnormal loads manager for the North West said: There are abnormal loads and there are abnormal loads and this one will completely fill the motorway. ", Stanlow refinery owner hit by legal resignations amid governance row, Stanlow oil refinery is at Ellesmere Port. On Saturday 13 August it will be moved away from the canal a few hundred yards onto the neighbouring M53 via the southbound entry slip road at junction 8. In the UK fuel crisis of 2000, protests over government taxation on fuel began at Stanlow. [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. 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. 2023 BBC. [11] This was built on a 90-acre site and was designed to store up to 1 million tonnes of oil. 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. The positions at Stanlow in Ellesmere Port are in question following a blaze at the site in August, which damaged the units. 04 Aug 2022. Stanlow has been beset by problems in recent times, with an unplanned shutdown in 2019 triggering a significant oil spill. Petrol tankers fill up with petrol and diesel at the Stanlow oil refinery in Ellesmere Port. Essar said: "As we have previously stated, 2019 was a challenging year from an environmental perspective. did a similar move in 2016 and a year earlier the same occurred at Essar Stanlow." "The driver is to supply only the nearest (highest margin) markets and reduce the amount of product from the refinery that moves in to lower margin markets and decrease . Essar Oil UK employs over 900 staff, and a further 500 contractors also operate at the refinery. 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. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. 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. The site, which is. 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. Output is delivered via various means, including by pipeline via the UK oil pipeline network, road and the Manchester Ship Canal. 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. M53 closure to help construct hydrogen-powered refinery. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. (modern). 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. The report said that while financing proposals were under discussion, to mitigate the risk of the company defaulting on payments, the talks had not concluded. EOUK had agreed to an accelerated schedule to make this payment. Vicente's mommy. 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. This includes: 4.4 billion litres of diesel every year - enough to drive a car doing 40 mpg 4,000 times around the equator every day 3 billion litres of petrol a year - enough to drive a car 20 million times around the world Project Gallery Feedstock supply The refinery receives the crude supply through a 24km-long pipeline from the Tranmere oil terminal situated near Mersey Estuary. Over 400 workers had overwhelmingly voted in favour of strike action in September, returning a 98.5 per cent yes vote. The Environment Agency - the body sponsored by the government to protect and enhance the environment - regulates the refinery and deemed it was "posing unacceptable risk to health and the environment" giving it an F rating following its compliance inspection in 2019. 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. [18] In September 2021 it was reported that the facility is at the "brink of collapse". Apollo has been reported to be in discussion with Nayara Energy owned Essar for several weeks now following news that Stanlow was in jeopardy of closure due to the demand destruction seen over the last year. The two chemical plants at the site are owed by Shell but are run under a management agreement by Essar Oil UK. 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. Despite sanctions on Russian shipping, Russian oil continued to arrive at port on ships owned and flagged in other countries. 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. 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. 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. Why you can trust Sky News. In your inbox before the open, every day. Stanlow Refinery - Significant Potential Completed first year ownership US$350 million acquisition cost . We're paving the way for cutting carbon emissions at one of the country's biggest oil refineries. 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. Linklaters and Ashurst have quit as advisers to Essar Oil UK amid doubts about its future, Sky News learns. 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 firm is believed to have put out inquiries with government to . "As part of Essars wider plans to build a green energy industrial cluster at the Stanlow, we have joined forces with Progressive Energy, developers of HyNet North West, the UKs leading industrial decarbonisation cluster, to produce low carbon hydrogen from 2025. Although situated in North West England, the refinery serves much of England as it is linked to the UK oil pipeline network. By way of comparison, sales in February 2020 were 661kT. ** 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 UK's Stanlow refinery, Essar Oil UK, has previously said that it has reached an agreement with tax authorities on value added tax payment arrears, it said Sept. 28. This is what progress has been made since the plan was drawn up, Essar 'committed' to Stanlow Oil Refinery amid question mark over jobs' futures, The firm which runs the facility is looking at the outsourcing of some business functions, which could lead to redundancies, Swans potentially 'contaminated with oil' rescued near Stanlow Refinery in Ellesmere Port, The birds have been taken by the RSPCA to Stapeley Grange Wildlife Centre. The terminal was supplied with light oils via a 41.6km pipeline from Stanlow refinery; heavy oils were delivered by two trains per day from Stanlow, and three daily trains from Heysham refinery. 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". 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 . Later this month we're closing the M53 for a night, ensuring the main module of the UK's first hydrogen-ready furnace can be delivered to Essar Oil UK's Stanlow . [12] Oil products were loaded into a fleet of 100 road tankers for distribution. 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. Or by navigating to the user icon in the top right. The BBC is not responsible for the content of external sites. 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. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . Yes vote. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. A Shell spokeswoman said it was "unfortunate" that it did not make economic sense to continue. Sign up here. The Mexico City Explosion of 1984 Missouri S amp T. ?Stanlow United. 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. Signing up is free and it only takes a minute for you to get the biggest stories, sent straight to your inbox. Read about our approach to external linking. The BBC is not responsible for the content of external sites. 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. Friday 17 September 2021 15:37, UK. 150. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. [1] Essar has stated their desire to expand the site with a 25% increase in output. The STS Transfers will enable larger ships . Most populous nation: Should India rejoice or panic? 1) Go to our dedicated newsletter page at this link. Hindustan refinery to restart in 2 months Oil amp Gas Journal. The refinery is located on the south bank of the River Mersey, flanked on its west by the M53 and M56 to the south. All rights reserved. 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. 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Stanlow oil refinery fire damage puts 180 jobs at risk 14 December 2018 Phil Owen The jobs were placed at risk following a fire at the plant in August About 180 jobs are at risk after energy. Stanlow refinery, which supplies a sixth of Britain's petrol, in crisis talks with HMRC. 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. 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. 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. 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. [3], Stanlow has a refining capacity of 12 million tonnes per year with a barrel per day capacity of 296,000. 1) Sign up to receive our monthly newsletter here and gain access to all articles and resources. The manufacturing complex employs 800 people. Essar Energy, which owns the Stanlow. Most populous nation: Should India rejoice or panic? 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. "Royal Dutch Shell to sell Stanlow refinery for $1.3bn", "Essar Group | Businesses | Essar Energy | Profile", "Essar Energy acquires Shell's Stanlow refinery for $350 mn", "Europe's biggest oil depot opened at Haydock", "Future of oil refinery in doubt as Shell considers sale of Stanlow", "Shell to axe another 1,000 jobs and sell last UK refinery", "New Stanlow refinery boss promises expansion", "Oil refineries likely to close across UK and Europe, Essar Energy boss warns", "Essar Energy says Stanlow oil refinery integration in line with expectations", "Stanlow refinery owner 'nearing collapse', "Stanlow oil refinery 'on brink of collapse' as crisis talks continue", "Fuel protesters' Ellesmere Port oil blockade bid", "Dockers at Merseyside refinery refuse to unload Russian oil", "Tanker of Russian gas docks in France after being turned away from UK", "Ukraine: Workers refuse to unload Russian oil from ship", "Shell receives offer for Stanlow refinery in the UK", https://en.wikipedia.org/w/index.php?title=Stanlow_Oil_Refinery&oldid=1092380249, Storage capacity: 2 million tonnes of crude oil and products. 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. This page is not available in other languages. Caption: The huge 'module' - part of a hydrogen-powered furnace - will be gliding down the M53 next week en route to Stanlow.