Essar Oil Uk

Essar onboards Topsoe as partner for UK industrial carbon capture facility

Essar Oil UK on Friday announced the selection of a second key licensor technology provider, Denmark-based Topsoe, for setting up an industrial carbon capture facility as part of its planned energy transition project at Stanlow, UK. Topsoe will provide its sustainable flue-gas treatment technology SNOXTM, the company said in a statement. "This is a pivotal step towards Essar Oil UK's USD 1.2 billion investment in decarbonising the refinery by reducing about 2 million tons of CO2 emissions, making it the world's first low carbon refinery and a producer of low carbon fuels," it said. Essar had earlier this year created a new entity to drive low carbon projects in the UK and India over the next five years. Essar Energy Transition (EET), the new unit, would invest across its site at Stanlow, between Liverpool and Manchester and in India for developing low carbon energy transition projects. Deepak Maheshwari, CEO of Essar Oil UK, said, "We are ready to move into the next phase of Essar

Essar Oil UK selects Mitsubishi as technology licensor for carbon capture

Essar Oil UK Limited (EOUK) on Friday said it has selected Mitsubishi Heavy Industries Ltd as technology provider for the development of the required basic engineering design package for its new EET Industrial Carbon Capture facility based at Stanlow, UK. This is a leading use of carbon capture technology, associated with a fluid catalytic cracker within refineries globally. "Following a detailed due diligence process, technology provider MHI has been selected for the carbon dioxide capture process section of the plant. Once captured, the carbon dioxide will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster in the North West of England," the company said in a statement. Essar had announced the proposed construction of the EET Industrial Carbon Capture plant at the Stanlow Refinery in November 2022. Participating in the Cluster Sequencing Track One Expansion process, the company plans for the facility to be operational i

UK's Essar Oil posts higher Q1 sales, ceases Russian oil imports

Company says it is replacing shortfall by maximising indigenous diesel production

Essar Oil UK agrees phased payment plan with UK tax authorities

Indian conglomerate Essar's UK arm, Essar Oil UK, on Tuesday said it has entered into a new "time to pay" agreement with the UK's tax authorities, aligned with the company's revenues. The company, which runs the Stanlow refinery at Ellesmere Port in Cheshire, north-west England, had hit some UK media headlines for overdue VAT payments, threatening the future of the refinery. Essar had maintained that it was confident of reaching an agreement with the UK's HM Revenue & Customs (HMRC). Essar Oil (UK) Limited (EOUK) confirms it has entered into a new time to pay agreement with HM Revenue & Customs (HMRC). EOUK and HMRC have agreed a phased payment schedule, aligned with EOUK revenues, the company said in a statement. EOUK is therefore confident of closing the last mile financings in the coming months after having successfully raised USD 1.1 billion earlier in the year, it said. The HMRC said it cannot comment on identifiable taxpayers but noted that a time to pay arrangement ...

Essar Oil in talks to extend January UK VAT payment deadline

Essar Oil UK, operator of Britain's Stanlow oil refinery, is in talks with UK authorities over extending a Jan deadline to repay hundreds of millions of pounds in deferred taxes, company said.

Former Adani exec Deepak Maheshwari is new CEO of Essar Oil UK

Maheshwari was the CFO of Essar Energy during his previous stint with the group

Essar Oil UK appoints new advisory council to bolster corporate governance

Top-notch lawyers, diplomats and corporate honchos roped in

Essar-Progressive Energy JV to develop UK's first low carbon hydrogen hub

The production hub will deliver clean energy to industry in the HyNet 'low carbon cluster', as well as for domestic and transport purposes

Essar Oil UK aims to lift US oil refining to 40%; eyes asset stake sale

SINGAPORE (Reuters) - Essar Oil UK aims to lift processing of U.S. oil at its 200,000 barrels per day Stanlow refinery by March to 40% from 35% currently, its Chief Executive Officer S. Thangapandian said on Monday.

Essar Oil UK's net profit dips 4.2% to Rs 10.37 billion in 2017-18

The company posted a net profit of Rs 10.37 billion during the period under review, as against Rs 11.25 billion during the year 2016-17

Essar Oil UK plans reconfiguration in wake of govt focus on e-vehicles

With the Ruias' Essar Oil UK nearing completion of a $250-million investment at a refinery in Stanlow, the company is working on a re-configuration plan, with the changing trends in global energy.The company announced its results for the first half of the current financial year. Profit after tax was $169 million, compared to $51 mn in the same period last year.It is exploring the option of setting up battery charging stations at company-owned retail outlets. This will start with a charging station at an outlet planned in Stanlow next year. The company operates 46 fuel retail outlets."We are undertaking a reconfiguration study, to focus on the ever changing landscape we operate in. This will help in determining how we see the world in the next 10-15 years," said S Thangapandian, chief executive officer for Essar Oil.Adding: "As we move forward, we are looking at improving the yield of a long-life product like jet fuel and also increase the petrochemical production at the site. In ...