Essar Oil UK appoints independent Non-Executive Director
Essar Oil (UK) Limited (“EOUK”) is pleased to announce the appointment of Tim Bullock as independent Non-Executive Director. EOUK owns and operates the Stanlow Refinery in Ellesmere Port. The site is a key strategic national asset, annually producing over 16% of the UK’s road transport fuels. Tim Bullock brings to EOUK more than 30 years’ […]
Essar demonstrates retail commitment with new build acquisition
Stanlow, June 15th, 2021: Essar has successfully exchanged contracts with Valley House Properties Limited (VHPL) to acquire a long term interest in the redevelopment of Lea Gate Service Station. Situated on the A583 in Preston, the site is perfectly positioned to benefit from the £200m development of the new Preston Western Distributor road, which will link […]
Sanjay Palve shares his views on RBI Monetary Policy
“The MPC’s decision to maintain status quo by keeping the repo rate unchanged at 4 percent for the sixth consecutive time, will help revive growth on a sustainable basis and mitigate the Covid-19 crisis and rising inflation. The RBI’s attempt to maintain accommodative stance and policy support at this juncture is a much needed boost […]
Essar strengthens Executive Leadership Team with senior appointment
Stanlow, 26th May, 2021: Essar is pleased to announce the further strengthening of its Executive Leadership Team with the appointment of Sunil Puri as the Company’s General Counsel with responsibility for Legal, Governance and Company Secretarial. With over 19 years’ experience in the energy sector, Sunil began his career with BG Group plc before moving on […]
Low carbon project at Stanlow secures Government backing
Stanlow, 25th May 2021: A new project that forms part of Essar’s plans to decarbonise the Stanlow Refinery in North West England has secured a £7.2m grant from the Industrial Energy Transformation Fund. The funding has been made available through the Department for Business, Energy & Industrial Strategy and will be invested in a project to […]
Essar Oil UK reports on successful Financing and Governance changes
Stanlow, 21st May 2021: Essar Oil (UK) Limited (“EOUK”), which owns and operates the Stanlow Refinery, today announced that it has closed new financial arrangements of over US$850 million. This has allowed EOUK to replace its former credit facility as well as access additional capital, thereby strengthening its financial position. The funding is made up […]
Ministerial visit to Stanlow focuses on low carbon future
Stanlow, May 14 2021: Essar was delighted to host a visit to Stanlow Refinery today by Andrew Stephenson MP, Minister of State at the Department for Transport. The Minister met senior company representatives and discussed plans to create a new facility to convert non-recyclable household waste into sustainable aviation fuel (SAF) for use by airlines operating […]
Sanjay Palve shares his views on RBI Governor’s statement
“RBI Governor’s address has provided a much needed re-assurance in these times of uncertainty. The speech highlighted RBI’s constant efforts to stabilise the economy and provide relief to the ailing and badly hit sectors due to the second wave of the pandemic. The announcement of schemes such as the second round of loan restructuring and […]
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 […]