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“Stanlow Refinery owners 'confident' of future amid financial woes speculation……We are fully focused on supporting our customers and industries who rely on our products as lockdown restrictions are eased and we are excited about our plans to decarbonise Stanlow and increase our supply of sustainable fuels, thereby supporting the UK's green agenda."
https://www.chesterstandard.co.uk/news/19231354.stanlow-refinery-owners-confident-future-amid-financial-woes-speculation/
Thank you Sensetalka and ExpatBrat :-)
I disagree with you sense. The Uk has limited refinery capacity and following Brexit, there is now more focus on domestic fuel production.
In addition, the Government has recently handed Essar/HyNet, ÂŁ75m in green funding for their hydrogen project.
In my opinion, the refinery will repurpose itself into a low carbon hub, consisting of SAF, biodiesel and low carbon hydrogen. There alway be some kind of fuel production at Stanlow - it might just be a different product with a different name on the front door.
Ironically, this could be a win for the waste to fuel plant being planned there as this transition may happen quicker than planned.
There's overcapacity of refining in Europe as a whole and with ever ambitious net zero targets demand for refined products is only going to decrease. The government will not step in to save Stanlow, they didn't when British Steel was struggling recently instead it was sold off to the chinese. Look again at the Petroplus refinery and how that collapsed leaving thousands out of work, again the government did nothing. Stanlow are in a real pickle now and the waste to fuel plant is at major risk there in my view.
Other waste to fuel or waste to hydrogen investments are around, personally I'm a huge fan and shareholder in PowerHouse energy. They're currently constructing a plant at ellesmere port which can turn end of life plastics and even car tyres directly into either electricity or hydrogen. Worth looking at. EQT as expat said is also a potential monster but so is this... At least one of these waste to fuel companies will hit the big time, worth having a bit in each I would say.
Thanks ExpatBrat. I will look into it and see if this is something I would like to add to my portfolio along with VLS.
EQT. Clear pathway to commercialisation, proven technology (full process, not just one part) good management.
ExpatBrat, what other companies listed on stock markets specialise in the waste to produce technologies or already have plants/ technology to utilise waste.
I am very interested in those from the ethical but also financial perspective. I think waste is untapped "gold" and sooner or later will become a very hot topic for all countries. At the moment there is little being done to resolve the issue of mounting waste (except of price increase for waste collection), but this will change soon.
Waste to energy, but started my career in oil and gas.
expatbrat what is your experience and background of knowledge in the energy sector, is this your trained area of expertise?
All oil refineries are in bad shape at the moment. Essar wouldn’t be immune. However, given the UK only has a handful of these left, I doubt it would be left to go under. In other parts of the world, refineries have been physically shut down because of the pandemic. Some of these are now beginning to reopen and I suspect a recovery will happen ar Stanlow once we are through the pandemic.
Would like to know expats view on this.
* proposed facility operation by 2025 (not 2015)
The Times today reports Whitehall’s concerns that the Essar owned Stanlow refinery “could be the brink of collapse”. Fulcrum BioEnergy and Essar announced a partnership in February to develop SAF at Stanlow with the proposed facility operation by 2015. It is reported that Stein Ivar Bye, chief executive of Essar Oil UK who announced the Fulcrum / Essar agreement resigned last month, after five months in the role.