Essar Oil UK reports positive progress on financings
Stanlow, 22 April 2021: Essar Oil UK, the owner of the Stanlow Refinery, reported today that it has successfully addressed the required financing to replace the previous receivables facility. The refinery continues to operate as normal, with uninterrupted supply of products to meet the needs of our customers. Demand for the refinery’s products continues to strengthen […]
Essar donates £3,000 to support Warrington charity
Stanlow, April 21, 2021: A significant safety milestone at the Stanlow Manufacturing Complex has seen a £3,000 donation made to Special Educational Needs & Disabilities (SEND) charity, Families United (Warrington). The funds were provided through Essar’s ‘Let’s Give’ scheme, which links the company’s commitment to safety directly with charitable giving and came after one million hours […]
Essar Oil UK expects positive cash flow in April 2021
Stanlow, 16 April 2021: Essar Oil UK reported today that sales of products[1] 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. By way of comparison, sales in February 2020 were 661kT. These figures confirm that EBITDA for April 2021 is expected […]
Essar strengthens Executive Leadership Team with senior appointment
Stanlow, 8th April, 2021: Essar is pleased to announce the further strengthening of its Executive Leadership Team with the appointment of Mark Pennifold as Chief People Officer. Mark is a highly experienced Human Resources professional who has worked at senior level within both the Automotive and Chemicals manufacturing industries. He was most recently the Human Resources […]
Sanjay Palve, Senior Managing Director – Essar Capital, shares his views on RBI’s first bi-monthly Monetary Policy for the financial year 2021-22.
As we witness the second wave of Covid-19 and its implications on the economic growth and inflation, the decision to hold the accommodative stance and keep repo rate at 4% was anticipated. The country’s economic recovery is still fragile and as the external demand continues to be uncertain, RBI’s continuous support, proactive and balanced approach […]
Essar donates £3,000 to provide dementia support
Stanlow, March 30th, 2021: A significant safety milestone reached at Essar Stanlow has seen a £3,000 donation made to The Alzheimer’s Society. The award recognises the recent achievement of reaching one million hours without a Recordable Injury at the Ellesmere Port site. The funds were raised through Essar’s ‘Let’s Give’ scheme, which links the company’s commitment […]
UK’s drive to net zero leaps forward as HyNet North West awarded substantial funding
Following a commitment of £72 million of funding, HyNet North West will transform the North West into the world’s first low carbon industrial cluster, playing a critical role in the UK’s transition to ‘net zero’ greenhouse gas emissions by 2050 and the global fight against climate change. HyNet North West is essential for UK Government […]
Essar forays into renewables
Essar Power to set up 90 MW PV Solar plant in MP for Rs 300 cr Mumbai, February 24, 2021: The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL) has approved an investment of Rs. 300 Crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the […]
Essar signs MoU with IIT (ISM) Dhanbad for R&D in CBM gas exploration
Durgapur, February 17, 2021: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s leading Coal Bed Methane (CBM) gas producer, today said it has signed a Memorandum of Understanding for collaboration with the prestigious IIT (Indian School of Mines), Dhanbad, to jointly work on research and development of various advanced CBM technological innovations indigenously. EOGEPL, […]
Sustainable aviation fuel plant set for take off at Stanlow
Stanlow, 15th February, 2021. Essar Oil (UK) Limited (Essar) is delighted to join forces with Fulcrum BioEnergy Limited (Fulcrum) and Essar’s subsidiary company Stanlow Terminals Limited to create a new facility which will convert non-recyclable household waste into sustainable aviation fuel (SAF) for use by airlines operating at UK airports. This innovative bio-refinery will convert several […]
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