stanlow refinery closure

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However, this station is now only served by three trains daily towards each of Ellesmere Port (westbound) and Helsby (eastbound), with these services scheduled to depart at times which would be inconvenient for the workers. Energy giant Essar said they have already made a series of changes at the Ellesmere Port site, Get our MyWirral newsletter, for the best news, pictures, opinions and video from across the peninsula. This means that we may include adverts from us and third parties based on our knowledge of you. The Stanlow refinery is located on a 770ha-site on the southern of the Mersey Estuary, near Ellesmere Port, Cheshire, UK. (modern). The adjacent oil refinery at Stanlow is owned by Essar and is not affected. Jamie Nimmo. [14], After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (814 million) in 2011. Essar said: "As we have previously stated, 2019 was a challenging year from an environmental perspective. [22], During the 2022 Russian invasion of Ukraine, dockworkers of the Unite union began to refuse to unload Russian oil from any ship. Belo Horizonte, city, southern Minas Gerais estado (state), southeastern Brazil. Oil is delivered to the Tranmere Oil Terminal via ship, then pumped to Stanlow for refining and stored for delivery. Thieves sniffed out by police dog after Cheshire oil refinery break-in, Two men from Liverpool fled the scene and hid in undergrowth but were eventually tracked down by police dog Toro, Dramatic video shows huge flames at Stanlow 'lighting up' night sky, People said they saw the sky turn orange as a result of the flaring from the refinery, New 360m plant will secure Ellesmere Port refinery's future and safeguard jobs, Essar says building the carbon capture plant is part of its plans to become a 'leading low carbon refinery' by 2030, Tranmere Rovers chairman takes up role at Ellesmere Port refinery, Mark Palios, former chief executive of the FA, has been appointed to the board of Essar Oil, How giant furnace crawled along M53 before arriving at Stanlow refinery, Essar release images of the overnight delivery of the first-ever hydrogen-powered furnace - the first of its kind in the UK, Waste firm staff at Cheshire's Stanlow Refinery could be set to strike, Unite is currently balloting members employed by Veolia and based at the refinery over possible industrial action, Just Stop Oil protesters could target Cheshire Stanlow refinery, M53 and M56, warns Essar, The company said they will be they will implementing 'additional checks', Strike action threat over as Essar's Stanlow refinery workers accept new pay deal, More than 400 employees had voted overwhelmingly in favour of industrial action back in September, Stanlow Refinery owner unveils plans for hydrogen plants that could attract 750m investment, Essar announced it has submitted plans for the two plants as part of the transition to 'low carbon operations', Essar Oil staff at Stanlow Refinery set for strike action, Further talks are scheduled in the industrial dispute with Essar over pay, pensions and unpaid bonuses, Stanlow Refinery owner Essar reaches agreement with HMRC to help 'stabilise finances', The deal comes after reports that the owner of the Ellesmere Port site was on the brink of collapse, Stanlow refinery firm Essar responds to speculation over collapse, The firm has now responded to 'press speculation' that claimed it's on the brink of collapse, Notorious Stanlow fuel blockade in pictures nearly 21 years after it took Britain to brink of chaos, More than 100 farmers and hauliers stopped nearly two million litres of Shell petrol from leaving the Stanlow Refinery, Stanlow Refinery owner responds to reports of financial struggle, Essar, which owns the site in Ellesmere Port, released a statement after reported fears about the company's future, Thick black smoke clouds billow from Stanlow oil refinery, People have reported seeing black smoke pouring from the area, Fascinating story of secret island near Ellesmere Port you may never have heard of, The island was inhabited by a small community up until the 1980s, Petrol station fuel disruption likely as Cheshire tanker drivers set to strike, Workers at Hoyer Petrolog voted in favour of action throughout November, Pictures show clouds of thick smoke following 'issue' at Stanlow Refinery, The thick clouds of smoke were seen as far as North Wales, Recap: Essar respond over 'issue' at Stanlow Refinery following huge clouds of smoke, Huge plumes of smoke can be seen across Cheshire, Stanlow near Ellesmere Port makes first step towards becoming carbon neutral site, Government funding helping companies like Essar move to a low carbon future, New Essar Oil UK CEO to be based at Stanlow in Ellesmere Port, Mark Wilson has been announced as the new chief executive officer. Stanlow directly employs more than 900 people. 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. 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. "We are in an advanced stage of discussions with a replacement lender, with both Stanlow operations and supply of products to our customers continuing as usual. Essar Oil . 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. is achievable. 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. Linklaters and Ashurst have quit as advisers to Essar Oil UK amid doubts about its future, Sky News learns. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. Over 400 workers had overwhelmingly voted in favour of strike action in September, returning a 98.5 per cent yes vote. 2022 Global Energy Infrastructure 2022 Gulf Publishing Holdings LLC. The manufacturing complex employs 800 people. Live market coverage co-anchored from Hong Kong and New York. To help with the delivery, we are closing the M53 for a night next week. 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. 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. 200. Thats almost five times higher than a double decker bus and six times wider than one of our famous orange salt spreaders. 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. "The government continually monitors fuel supply across the country to ensure the public do not see any disruption. It lies on the western slope of the Espinhao Mountains, at an elevation of 2,720 feet (830 metres). 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 Last modified on Wed 30 Mar 2022 17.16 EDT. 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. 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. [8] Stanlow & Thornton railway station was opened in 1940 to give workers access to the site and the facility an extra mode of transport. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon emissions. 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. 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. Hindustan refinery to restart in 2 months Oil amp Gas Journal. 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.. Read about our approach to external linking. Refining capacity: 12 million tonnes per year. EOUK had agreed to an accelerated schedule to make this payment. The jobs were placed at risk following a fire at the plant in August. 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. In your inbox before the open, every day. 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. Most populous nation: Should India rejoice or panic? [3] 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 site, which is managed by energy giant Essar, suffered a complete loss of power from the National Grid in 2019. 04 Aug 2022. ** 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. 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. 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. Stanlow plays a key part in the national economy, producing over 16% of the UK's road transport fuels. 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. Vicente's mommy. Stewart Prentice, Head of Projects, at Essar said: We would like to thank National Highways for their support in this mammoth task, especially in facilitating closure of the M53 as our new furnace travels on its final leg to Stanlow. 150. The disclosure of the law firms' decision to step down comes just days after it emerged that the company was in urgent talks about its future. [11] This was built on a 90-acre site and was designed to store up to 1 million tonnes of oil. 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. as panic buying hits forecourts across the country. Global oil demand on course for record as Chinas economy rebounds, Exxon CEOs pay rose 52% to nearly 30m amid Ukraine war, figures show. [6] Stanlow is also a large producer for commodities such as jet fuel and diesel.[7]. M53 closure to help construct hydrogen-powered refinery. [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. [18] In September 2021 it was reported that the facility is at the "brink of collapse". Most populous nation: Should India rejoice or panic? All rights reserved. The MyWirral newsletter will bring you news from across the borough in a way youve never had before. It has also announced plans to close the 110,000 b/d Harburg refinery inGermany after failing to find a buyer for the plant. 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. The firm is believed to have put out inquiries with government to . Published. 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. "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. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. All material subject to strictly enforced copyright laws. Total halted the crude distillation unit at Grandpuits Nov. 16 but the other units at the refinery had previously remained in operation. [12] Oil products were loaded into a fleet of 100 road tankers for distribution. Whyare oil prices rising and what does it mean for inflation? Friday 17 September 2021 15:37, UK. 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. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. A new refinancing deal could buy time for the refinery to maintain operations until fuel demand rises. Welsh band Jesu's 2007 album Conqueror features a track titled "Stanlow" that concerns itself with the refinery. 2023 BBC. Stanlow has been beset by problems in recent times, with an unplanned shutdown in 2019 triggering a significant oil spill. 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. ", Stanlow refinery owner hit by legal resignations amid governance row, Stanlow oil refinery is at Ellesmere Port. "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. The refinery has been fully offline since late January. Closure of lubricants. Shell said the cost of fixing the damage was "not economically viable". 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 . Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . 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 . Overnight on Wall Street is daytime in Asia. The two chemical plants at the site are owed by Shell but are run under a management agreement by Essar Oil UK. 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. New markets Linklaters and Ashurst both declined to comment. The positions at Stanlow in Ellesmere Port are in question following a blaze at the site in August, which damaged the units. Oilfield oil gas trasport pipeline refinery gifts awards. 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. The owner of the Stanlow oil refinery is facing a fresh financial crunch ahead of a . In 2010, Royal Dutch Shell declared their desire to sell off some refineries in Europe to concentrate on emerging markets in Asia and the Middle East, which led to the possibility that Stanlow would be shut down indefinitely. Essar Oil UK said it had historically been "a very profitable business that has attracted over $1bn in investment since its acquisition in 2011". 1) Sign up to receive our monthly newsletter here and gain access to all articles and resources. Despite sanctions on Russian shipping, Russian oil continued to arrive at port on ships owned and flagged in other countries. [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. 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 . Video Loading Frustrations over the running of the company had led to the departures of two chief executives within a year. Something went wrong, please try again later. The refinery occupies nearly 1,900 acres (7.7km2) near the River Mersey and dates back to 1924, when a small bitumen plant was established. 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. 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. 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 . The government has a net zero target by 2050. We're paving the way for cutting carbon emissions at one of the country's biggest oil refineries. Read about our approach to external linking. The southbound carriageway will be closed between junction 5 at Hooton and junction 10 for Cheshire Oaks from 7pm on Saturday 13 August until 10am on Sunday 14 August. It still owes 223m, and was reportedly due to start repayments this week. Read about our approach to external linking. Two years on from Stanlow air pollution action plan - what has changed? Caption: The huge 'module' - part of a hydrogen-powered furnace - will be gliding down the M53 next week en route to Stanlow. 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. 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. 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. Caption: The module has already been moved across the River Mersey and up the Manchester Ship Canal to a landing site next to the M53 in readiness for next week's three-mile move by road to Stanlow. Private equity firm Bartons Family Capital is weighing a takeover of the U.K. Stanlow oil refinery, The Times reported on Sunday. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Is climate change killing Australian wine? 9th April 2021. The group reported progress in refinancing its debts, replacing a loan from Lloyds Bank with $325m of new lending. Projects; Analysis; News; Suppliers; White Papers 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. UK chief executive Deepak Maheshwari said the plant would be "the single biggest initiative to decarbonise our processes". Essar has said that Litasco has no ability to influence operations at the terminal. delivered c.US$225 million uplift to EBITDA. How to sign up for a MyWirral Email Update. 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. 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. 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. Stanlow Refinery - Significant Potential Completed first year ownership US$350 million acquisition cost . 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. 2) SUBSCRIBE to Global Energy Infrastructureand gain ACCESS to premium data for the energy industry.*. The threat of industrial action at the Stanlow oil refinery in Cheshire has ended after members of Unite, the UK's leading union, accepted a new deal which covers the issues of pay, bonuses and pensions. Since 3 February 2022 the station has been temporarily closed due to safety concerns of the footbridge which is the only entrypoint to the station. 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. Sign up here. A 45m furnace that runs completely on hydrogen - the first of its kind in the UK - will replace three existing furnaces at Stanlow. Stanlow later said it was seeking alternative supplies. 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. Although situated in North West England, the refinery serves much of England as it is linked to the UK oil pipeline network. However, the recovery from the pandemic has been slower than predicted, the company said, adding that it hopes for a resolution soon. Yes vote. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. As always you can unsubscribe at any time. 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. Essar Oil UK expects positive cash flow in April 2021. In the 1974 an oil pipeline was commissioned from Amlwch, Anglesey to Stanlow. Track your investments 24 hours a day, around the clock from around the world. The largest single module for the new furnace is 26.5 metres long, 18.5 metres tall, and 14.2 metres wide. More information on the project is available at Essar Oil UKs website. 2023 BBC. Explore in 3D: The dazzling crown that makes a king. The fire which broke out at Stanlow last August. Petrol tankers fill up with petrol and diesel at the Stanlow oil refinery in Ellesmere Port. "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. 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. 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