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Essar is committed to playing a lead role in the decarbonisation of the UK economy, with ambitious plans to build a green energy industrial cluster at Stanlow. Stanlow is located on the south side of the Mersey Estuary near Liverpool.
Our plans include the construction of two new low carbon hydrogen production units on site as part of the HyNet consortium, with a planned total investment of approximately £1bn to deliver the hydrogen production hubs. Follow on capacity growth is planned to reach 80% of the UK Government’s new target of 5GW of low carbon hydrogen for power, transport, industry and homes by 2030.
We are the leading UK-focused downstream energy company and our main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. Our ambition is for Stanlow to become the UK’s first low carbon refinery.
Stanlow has 800 employees, and is a key strategic national and regional asset, annually producing over 16% of the UK’s road transport fuels, while playing a key role in Britain’s broader petrochemical industry and leading its low carbon transition.
One of the leading players in the UK’s oil and chemical industry
Our annual production is over 4.4 billion litres of diesel, 3 billion litres of petrol and 2 billion litres of jet fuel. Our process units optimise our output, with over 9 million tonnes of crude oil and feed-stock processed each year.
Since acquiring Stanlow in 2011, Essar has invested $1 billion in margin improvement and other efficiency initiatives to ensure the refinery remains competitive in a rapidly changing market.
The company is a major supplier in the North West and beyond with customers including most of the major retail brands operated by international oil companies and supermarkets, Manchester Airport, leading commercial airlines and the region’s trains and buses.
The company is also working with Fulcrum BioEnergy on a £600 million project to create a new facility to convert several hundred thousand tonnes of non-recyclable household waste each year into sustainable aviation fuel (SAF) for use by airlines operating at UK airports.
We have an embedded safety culture, technically challenging work and provide some of the best training available in the industry. As one of the leading players in the oil and chemical industry, we are committed to continuously improving every aspect of our business.
Essar Oil UK is a portfolio business of Essar Global Fund Limited (EGFL). EGFL is a global investor in a number of world-class assets diversified across the core sectors of Energy, Infrastructure (comprising Ports and EPC businesses), Metals & Mining, and Services (Shipping, IT and Retail businesses). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. The portfolio companies have aggregate revenues of about USD 12 billion and employ over 8,000 people. EGFL identifies opportunities, builds and nurtures world-class assets, monetises then and reinvesting, thereby constantly creating value for all stakeholders.
See the section on Global presence.