To help with the delivery, we are closing the M53 for a night next week. By way of comparison, sales in February 2020 were 661kT. Dockworkers have called this a loophole in sanctions.[23][24][25]. 5) There are plenty of other newsletters to choose from too. Editorial Board. Essar Oil UK will build the 360m site at Stanlow refinery in Ellesmere Port to help reduce carbon . 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. 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 to HM Revenue and Customs. 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. The BBC is not responsible for the content of external sites. as panic buying hits forecourts across the country. The firm is believed to have put out inquiries with government to . Does the UK really need to drill for more North Sea oil and gas? 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. 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. We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. "The new furnace is one of the largest objects ever to be moved on UK roads and key to Essars strategy of transitioning to being a low carbon energy provider at the forefront of decarbonisation in the North West.. 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. In your inbox before the open, every day. 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. Or by navigating to the user icon in the top right. The owner of the Stanlow oil refinery is facing a fresh financial crunch ahead of a . [15] Following the bankruptcy of Petroplus which ran the Coryton Refinery in January 2012, Essar stated their belief that Stanlow, being a large refinery, would be able to compete with refineries in Asia and the Middle East. This page is not available in other languages. 04 Aug 2022. Essar has been compiling with the agency and added that they were working towards a zero-carbon future: "We are also committed to playing our part in the decarbonisation of the UK, by reducing our carbon emissions by 50% by 2030 and achieving the Net Zero Emission Target by 2040. A multimillion-pound carbon capture plant is to be built at an oil refinery in Cheshire. 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. A spokesperson for Essar said 2019 had been a "challenging year" from an environmental perspective and changes had already been made since the report. 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. Documents filed at Companies House show that losses at Essar Oil (UK) deepened from $221m (168m) to $321m in 2021, a year in which government officials became concerned about the financial position of the company, which supplies 16% of UK road fuel from its refinery in Ellesmere Port, Cheshire. "We are currently investigating Essar for breaches of their environmental permit and as such are unable to comment further. 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. "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. Welsh band Jesu's 2007 album Conqueror features a track titled "Stanlow" that concerns itself with the refinery. production planned c.US$1 /bbd projects already. 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. 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. How to sign up for a MyWirral Email Update. "The government continually monitors fuel supply across the country to ensure the public do not see any disruption. There is also a pipeline for jet fuel to Manchester Airport. The manufacturing complex employs 800 people. Oilfield oil gas trasport pipeline refinery gifts awards. Essar Energy, which owns the Stanlow oil refinery in Ellesmere Port, Cheshire, is negotiating with HM Revenue and Customs (HMRC) over a 223m VAT payment, delayed because of the pandemic. [20][21] A large fuel price protest was staged in May 2011 with the objective of "shutting down" the refinery. Why you can trust Sky News. 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 largest single module for the new furnace is 26.5 metres long, 18.5 metres tall, and 14.2 metres wide. 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. Vicente's mommy. Jamie Nimmo. The situation has alerted officials in Whitehall because of the implications of a collapse of a company responsible for supplying one-sixth of the UK's transport fuels - including through a pipeline from Stanlow to Manchester Airport. Is climate change killing Australian wine? [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. 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 refinery has been fully offline since late January. 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. 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. Previously the refineries were owned by the oil firms Shell and Total,. 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". Belo Horizonte, city, southern Minas Gerais estado (state), southeastern Brazil. Britain's biggest union is locking horns with Cheshire's giant oil refinery over possible industrial action. Or by navigating to the user icon in the top right. 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. "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. [1] Essar has stated their desire to expand the site with a 25% increase in output. "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. Essar Oil UK expects positive cash flow in April 2021. Total halted the crude distillation unit at Grandpuits Nov. 16 but the other units at the refinery had previously remained in operation. Member of the Brazilian Academy of Sciences and . 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. 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. 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. A statement said Essar's "energy transition strategy" was based on the development of more environmentally friendly fuels. 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. 100. Here are Your Options. Patterson-UTI to buy Pioneer Energy Services for $295m. 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. It lies on the western slope of the Espinhao Mountains, at an elevation of 2,720 feet (830 metres). Linklaters and Ashurst have quit as advisers to Essar Oil UK amid doubts about its future, Sky News learns. LOG IN to view this article.Not Yet A Subscriber? Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. 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. The positions at Stanlow in Ellesmere Port are in question following a blaze at the site in August, which damaged the units. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. In the UK fuel crisis of 2000, protests over government taxation on fuel began at Stanlow. 1) Go to our dedicated newsletter page at this link. Despite sanctions on Russian shipping, Russian oil continued to arrive at port on ships owned and flagged in other countries. 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 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. It still owes 223m, and was reportedly due to start repayments this week. Stanlow Refinery is an oil refinery owned by Essar Energy in Ellesmere Port, North West England. Two years on from Stanlow air pollution action plan - what has changed? The MyWirral newsletter will bring you news from across the borough in a way youve never had before. 2) SUBSCRIBE to Global Energy Infrastructureand gain ACCESS to premium data for the energy industry.*. 2022 Global Energy Infrastructure 2022 Gulf Publishing Holdings LLC. Over 400 workers had overwhelmingly voted in favour of strike action in September, returning a 98.5 per cent yes vote. Essar Oil UK (EOUK) used the governments pandemic VAT deferral scheme last year, which allowed businesses to delay tax repayments. Frustrations over the running of the company had led to the departures of two chief executives within a year. Overnight on Wall Street is daytime in Asia. 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. The plant would have the same carbon-reducing effect as taking 400,000 cars off the road, Essar said. 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 Mexico City Explosion of 1984 Missouri S amp T. ?Stanlow United. 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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. 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. 1) Sign up to receive our monthly newsletter here and gain access to all articles and resources. [8] Stanlow & Thornton railway station was opened in 1940 to give workers access to the site and the facility an extra mode of transport. 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 . The BBC is not responsible for the content of external sites. Markets never sleep, and neither does Bloomberg. 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. Essar Oil . The pipeline had closed by 1990.[9][10]. 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 . Most populous nation: Should India rejoice or panic? [2] Until 2011 it was owned by Shell UK. 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. Essar Energy, which owns the Stanlow. 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. [3], Stanlow has a refining capacity of 12 million tonnes per year with a barrel per day capacity of 296,000. EOUK had agreed to an accelerated schedule to make this payment. 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). 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. 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 . Thats almost five times higher than a double decker bus and six times wider than one of our famous orange salt spreaders. Published. Global oil demand on course for record as Chinas economy rebounds, Exxon CEOs pay rose 52% to nearly 30m amid Ukraine war, figures show. 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. 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. 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. LNG Processing. 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. The jobs were placed at risk following a fire at the plant in August. 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. 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. 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. [14], After a prolonged period of negotiation, Stanlow was sold by Shell to Essar Energy for approximately $1.3 billion (814 million) in 2011. Explore in 3D: The dazzling crown that makes a king. 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. Today we released full details of the overnight motorway closure including diversion information. 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 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. We're paving the way for cutting carbon emissions at one of the country's biggest oil refineries. [22], During the 2022 Russian invasion of Ukraine, dockworkers of the Unite union began to refuse to unload Russian oil from any ship. City editor 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. [18] In September 2021 it was reported that the facility is at the "brink of collapse". 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 module will be mounted on two wheeled platforms - one on each carriageway - and will look a bit like the bridge of a container ship gliding down the motorway. The government has a net zero target by 2050. 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. All rights reserved. Essar Oil UK insisted: "No [borrowing] facilities were withdrawn solely due to governance issues". Essar Energy locked in negotiations with HMRC over VAT payment delayed because of pandemic. Private equity firm Bartons Family Capital is weighing a takeover of the U.K. Stanlow oil refinery, The Times reported on Sunday. 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 Oil UK said it had historically been "a very profitable business that has attracted over $1bn in investment since its acquisition in 2011". is achievable. delivered c.US$225 million uplift to EBITDA. 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. Stanlow refinery, which supplies a sixth of Britain's petrol, in crisis talks with HMRC. 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. 150. As always you can unsubscribe at any time. Video Loading Of the national capacity of 60m tonnes of refined fuels per year, Stanlow can produce more than 16% and Lindsey about 9%. 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. ** 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.