Gold
Essar Oil UK to build $430 mn carbon capture facility at Stanlow
Essar Oil UK said that it plans to invest £360 million ($432 million) to build a carbon capture and storage (CCS) facility at its Stanlow refinery, in line with its ambition to become a leading low-carbon refinery by 2030.
Once complete in 2027, the plant will eliminate an estimated 0.81 million tons of CO2 per year, the equivalent of taking 400,000 cars off the road, eliminating nearly 40 per cent of all Stanlow emissions.
Essar is investing over 1 billion pounds into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030 and put Essar at the forefront of the UK’s shift to low-carbon energy.
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