Essar Oil UK to build $430 million carbon capture facility at Stanlow refinery

Updated: Nov 30, 2022, 10:06 UTC•1min read

LONDON (Reuters) – Essar Oil UK said on Wednesday it planned to invest 360 million pounds ($432 million) to build a carbon capture and storage (CCS) facility at its Stanlow refinery.

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General view of Essar Oil UK’s Stanlow oil refinery near Ellesmere Port

LONDON (Reuters) – Essar Oil UK said on Wednesday it planned to invest 360 million pounds ($432 million) to build a carbon capture and storage (CCS) facility at its Stanlow refinery.

Once complete in 2027, the CCS plant will eliminate an estimated 0.81 million tonnes of CO2 per year – the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions, Essar said.

($1 = 0.8337 pounds)

(Reporting by Ron Bousso; editing by David Evans)