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. 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. Crude oil was pumped ashore from tankers moored at deep-water pontoons to a holding station at Rhosgoch, from there it was pumped through two 36-inch diameter pipelines, 127km to Stanlow. [3] History [ edit] Stanlow & Thornton track layout in 1975 The station was opened on 23 December 1940 jointly by the Great Western Railway and the London, Midland and Scottish Railway. This page is not available in other languages. The Stanlow oil refinery supplies about a sixth of Britains road fuel, and is owned by the billionaire brothers Shashi and Ravi Ruia, through their company Essar Oil UK. In September, Total said it would convert the refinery into a biofuels and plastics recycling complex, ending crude refining at the site in early 2021. Stanlow refinery firm Essar responds to speculation over collapse Ellesmere Port Bookmark Notorious Stanlow fuel blockade in pictures nearly 21 years after it took Britain to brink of chaos Ellesmere Port Bookmark Stanlow Refinery owner responds to reports of financial struggle Stanlow Refinery Bookmark delivered c.US$225 million uplift to EBITDA. 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. 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. Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. On board the worlds last surviving turntable ferry. (modern). Lloyds is said to have become frustrated by a failure to address repeatedly expressed concerns about the Stanlow refinery-owner's governance over a protracted period, as well as a series of delays to the filing of audited accounts. All material subject to strictly enforced copyright laws. The BBC is not responsible for the content of external sites. It lies on the western slope of the Espinhao Mountains, at an elevation of 2,720 feet (830 metres). All companies under the TTP have been given until January 2022 to meet their commitments. 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 Most populous nation: Should India rejoice or panic? 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. 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. [12] Oil products were loaded into a fleet of 100 road tankers for distribution. 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. 2023 BBC. Two years on from Stanlow air pollution action plan - what has changed? Published. [ID . Essar Oil UK reported today that sales of products1 from the Stanlow Refinery is expected to see a 63% year-on-year increase to 537kT in April 2021, in comparison to 329kT in April 2020. Closure of lubricants. Projects; Analysis; News; Suppliers; White Papers Member of the Brazilian Academy of Sciences and . 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. Other issues that contributed to the poor rating included an accidental loss of containment of a process liquid due to a failure in operating techniques and a crash on-site with a waste line that reduced the effectiveness of their liquid waste treatment capability, fortunately, no one was injured. 2) SUBSCRIBE to Global Energy Infrastructureand gain ACCESS to premium data for the energy industry.*. 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 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. Overnight on Wall Street is daytime in Asia. 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. Dockworkers have called this a loophole in sanctions.[23][24][25]. 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. [2] Until 2011 it was owned by Shell UK. National Highways will close over night an area of the M53 near Whitby tomorrow (Saturday 13 August) as the biggest single module for the UK's very first hydrogen-ready heater to Essar Oil UK's Stanlow refinery near Ellesmere Port in Cheshire is transferred. Belo Horizonte, city, southern Minas Gerais estado (state), southeastern Brazil. In 1969 Shell-Mex & BP opened a 3 million joint venture bulk liquid distribution centre at Haydock, Lancashire. Output is delivered via various means, including by pipeline via the UK oil pipeline network, road and the Manchester Ship Canal. (modern). 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. Today we released full details of the overnight motorway closure including diversion information. [18] In September 2021 it was reported that the facility is at the "brink of collapse". Does the UK really need to drill for more North Sea oil and gas? In the UK fuel crisis of 2000, protests over government taxation on fuel began at Stanlow. The company, responsible for operating the country's motorways and major A roads, is closing the M53 for a night later this month to ensure the main module of the UK's first hydrogen-ready furnace, can be delivered to Essar Oil UK's Stanlow refinery near Ellesmere Port in Cheshire. "The government continually monitors fuel supply across the country to ensure the public do not see any disruption. 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. 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The BBC is not responsible for the content of external sites. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. * India's Essar Energy ESSR.L agreed to buy Royal Dutch Shell's RDSa.L Stanlow refinery in northwest England for $350 million. Linklaters and Ashurst both declined to comment. Read about our approach to external linking. 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. Lpg Mounded Storage System Horton spheres manufacture and. The group reported progress in refinancing its debts, replacing a loan from Lloyds Bank with $325m of new lending. Stanlow has been beset by problems in recent times, with an unplanned shutdown in 2019 triggering a significant oil spill. Most populous nation: Should India rejoice or panic? Is climate change killing Australian wine? Whether it's celebrating people, sharing issues or discussing latest news, our newsletter covers all things Wirral. The Stanlow refinery supplies about a sixth of the UKs road fuel. 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 Department for Business, Energy and Industrial Strategy said on Friday: "We do not comment on individual companies. The Mexico City Explosion of 1984 Missouri S amp T. ?Stanlow United. Or by navigating to the user icon in the top right. 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. Essar Oil UK employs over 900 staff, and a further 500 contractors also operate at the refinery. By way of comparison, sales in February 2020 were 661kT. [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. ", Stanlow refinery owner hit by legal resignations amid governance row, Stanlow oil refinery is at Ellesmere Port. Explore in 3D: The dazzling crown that makes a king. The BBC is not responsible for the content of external sites. 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 . 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. 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. Frustrations over the running of the company had led to the departures of two chief executives within a year. City editor 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 . 2022 Global Energy Infrastructure 2022 Gulf Publishing Holdings LLC. 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. Bloomberg Daybreak Asia. M53 closure to help construct hydrogen-powered refinery, More information on the project is available at Essar Oil UKs website. The refinery is located on the south bank of the River Mersey, flanked on its west by the M53 and M56 to the south. The owner of the Stanlow oil refinery is facing a fresh financial crunch ahead of a . 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. 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. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Petroineos Grangemouth closure plans the latest round of refinery rationalisations . Refining capacity: 12 million tonnes per year. [11] This was built on a 90-acre site and was designed to store up to 1 million tonnes of oil. "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.". In 1980, electronic band Orchestral Manoeuvres in the Dark (OMD) from nearby Wirral featured a song about the refinery called "Stanlow" on their second album, Organisation. Shell said the cost of fixing the damage was "not economically viable". Petrol tankers fill up with petrol and diesel at the Stanlow oil refinery in Ellesmere Port. 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 . This, the auditor said, may cast significant doubt on the companys ability to continue as a going concern. Thats almost five times higher than a double decker bus and six times wider than one of our famous orange salt spreaders. [6] Stanlow is also a large producer for commodities such as jet fuel and diesel.[7]. Here are Your Options. 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. Or by navigating to the user icon in the top right. Whyare oil prices rising and what does it mean for inflation? "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. 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. Essar Oil UK expects positive cash flow in April 2021. 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 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. More information on the project is available at Essar Oil UKs website. Hindustan refinery to restart in 2 months Oil amp Gas Journal. The pipeline had closed by 1990.[9][10]. 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). A 45m furnace that runs completely on hydrogen - the first of its kind in the UK - will replace three existing furnaces at Stanlow. EOUK had agreed to an accelerated schedule to make this payment. 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. 9th April 2021. 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. Why you can trust Sky News. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. A spokesperson for the Environment Agency said: "We expect all businesses to operate to the highest environmental standards. * The plant was closed early in the second quarter 2011. . 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 government has put in place a far-reaching package of support to help businesses across the economy during the pandemic, including the furlough scheme, loans and VAT deferrals. [16] Essar plan a 250 million expansion of Stanlow, with production of diesel and aviation fuel to be increased. In your inbox before the open, every day. Virginia S. T. Ciminelli is a Professor of the Department of Metallurgical and Materials Engineering, Universidade Federal de Minas Gerais -UFMG, Brazil, and Director of the National Institute of Science and Technology on Mineral Resources, Water and Biodiversity, INCT-Acqua. 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 . [14], After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (814 million) in 2011. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. The company said it would also invest in a range of efficiencies to "decarbonise its production process". Stanlow oil refinery stands in Ellesmere, U.K. Want the lowdown on European markets? Essar, which is ultimately owned by the Indian billionaire Ruia brothers, has previously distanced itself from its parent companys lending arrangement with the Russian bank VTB. Essar said: "As we have previously stated, 2019 was a challenging year from an environmental perspective. Earlier this year, dockers refused to unload Russian oil shipments destined for the refinery. A spokesperson for Essar said 2019 had been a "challenging year" from an environmental perspective and changes had already been made since the report. is achievable. The site, which is managed by energy giant Essar, suffered a complete loss of power from the National Grid in 2019. 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. 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. 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. @MarkKleinmanSky. [3] All rights reserved. Stanlow plays a key part in the national economy, producing over 16% of the UK's road transport fuels. 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. As the Guardian reported last year, Litasco has a claim on Stanlow that kicks in if Essar defaults on payments under an oil sale and purchase agreement. 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.". Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon emissions. [17] In April 2021 the company was reported to be heavily in debt after fossil fuel demand dropped during the COVID-19 pandemic. Over 400 workers had overwhelmingly voted in favour of strike action in September, returning a 98.5 per cent yes vote. [20][21] A large fuel price protest was staged in May 2011 with the objective of "shutting down" the refinery. A Shell spokeswoman said it was "unfortunate" that it did not make economic sense to continue. The jobs were placed at risk following a fire at the plant in August. The two chemical plants at the site are owed by Shell but are run under a management agreement by Essar Oil UK. The Stanlow refinery is located on a 770ha-site on the southern of the Mersey Estuary, near Ellesmere Port, Cheshire, UK. 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. 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. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. The largest single module for the new furnace is 26.5 metres long, 18.5 metres tall, and 14.2 metres wide. A statement said Essar's "energy transition strategy" was based on the development of more environmentally friendly fuels. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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. 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. Oilfield oil gas trasport pipeline refinery gifts awards. All rights reserved. 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. There is also a pipeline for jet fuel to Manchester Airport. [1] Essar has stated their desire to expand the site with a 25% increase in output. A new refinancing deal could buy time for the refinery to maintain operations until fuel demand rises. The fire which broke out at Stanlow last August. 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. 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The MyWirral newsletter will bring you news from across the borough in a way youve never had before. Stanlow directly employs more than 900 people. To help with the delivery, we are closing the M53 for a night next week.
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