You are currently viewing: News



06-09-2017

Essar Oil to invest $250M in capex and maintenance at Stanlow refinery

Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery, today confirmed significant capex investment and reported strong Q4 figures and financial results for the financial year ending March 31st 2017.

Including FY18, Essar will have invested over $800 million since acquiring Stanlow in July 2011, helping to turnaround the business and deliver significant improvement in the following areas:
1. Safety performance remains a critical business objective, with continuous investment in Health, Safety and Environment (HSE) to further improve standards.  Stanlow achieved the Order of Distinction for 21 consecutive Gold awards in the Royal Society for the Prevention of Accidents (RoSPA) Health and Safety Awards 2017. Connection to the national gas grid enabled the refinery to meet tighter environmental legislation regarding emissions.

2. A continued focus on margin booster initiatives and cost efficiencies has seen a significant improvement in the operating and financial performance over this period.  In FY15 Essar reconfigured and optimised Stanlow to a single train operation which increased the yield of high margin products such as gasoline and middle distillates, while the crude slate has been materially diversified with the introduction of 37 new grades.  

3. These major initiatives have resulted in a latest quarter delta margin improvement of +$ 4/bbl, raising Stanlow’s margin from under $ 1/bbl to almost $5/bbl above the KBC Northwest Europe Cracking Margins benchmark.  

4. Investment in the Tiger Cub project and additional works planned for the major block turnaround in 2018 will drive further margin upsides by way of increased throughput and unit margins.  As such, Essar will then have delivered a hydrocarbon margin improvement of +$5/bbl since acquisition in 2011.

During FY17, a number of new monthly records were established for the highest CD4 Distiller crude throughput under Essar ownership, the highest ever amount of residue upgraded via Europe’s largest Catalytic Cracker and the highest ever production levels of diesel, alkylate and propylene.

Already a major player in the wholesale supply of Jet A-1 to UK airports, Essar secured contracts for the direct supply of aviation fuel to major airlines such as Emirates, Etihad, Jet2.com and Oman Air.

An award winning entry to the UK retail market has seen the Essar network grow to 36 stations, with planning permission secured for the first company owned site to be opened later this year.

Essar Oil UK has established working capital facilities and no long term debt.

Sponsor : 

Other News Items

Emerson and AspenTech form alliance to deliver digital technologies

Emerson and AspenTech announced today they have teamed up to deliver asset optimisation software solutions along with global automation technologies and operational consulting ...

12-02-2018

Exploring future opportunities and challenges for tank terminal operators

The challenges and opportunities faced by tank terminals are changing. The Internet of Things (IoT) and Industry 4.0 (I4.0) offer new ways to increase efficiency and ...

09-02-2018

IIoT and Digital Solutions for Oil & Gas conference gears up for 2nd edition

The Annual IIoT and Digital Solutions for Oil & Gas conference, the international platform for Oil & Gas upstream and downstream producers, EPCs, OFS’ and ...

08-02-2018

Moscow to host worlds largest Petrochemical Conference dedicated to the CIS region

In 2018, Moscow is once again set to host the sixth international CIS Petrochemicals conference which will take place on 11 - 13 April in Four Seasons Hotel.  Over ...

08-02-2018

CB&I awarded contract for ADNOC refining crude flexibility project

CB&I today announced it has received a letter of award from Abu Dhabi National Oil Company (ADNOC), the national oil company of United Arab Emirates (UAE) and the ...

08-02-2018

ADNOC investing $3.1B in Ruwais refinery

A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was announced today. Known ...

07-02-2018

Chevron Lummus Global announces master plan study for MOL Group

Chevron Lummus Global (CLG) today announced it has been selected for a Master Plan Study by MOL Group headquartered in Budapest, Hungary. The study will assist MOL in ...

07-02-2018

Sasol announce the completion and commissioning of FT Wax expansion project

Today, Sasol inaugurated the full completion of its R13,6 billion FT Wax Expansion Project (FTWEP). Phase 2 began beneficial operation in March 2017, while phase 1 was ...

06-02-2018

Commissioning underway for ExxonMobil’s ethane cracker in Baytown

ExxonMobil announced today that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning  progressing ...

06-02-2018

Jacobs wins mechanical maintenance and turnarounds contract from Shell

Jacobs Engineering Group Inc received a five-year contract renewal from Shell Canada Limited to provide mechanical maintenance and turnaround services on the company’s ...

06-02-2018